
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Question
If the short-run total cost function for a firm is
TC = 3,000+100Q,
Given: TC = 3,000 + 100Q
TC = 3000 + 100Q
AC = TC / Q
TC = 3000 + 100*10 = 4000
ATC = 4000/10 = 400
How do you calculate the marginal cost to the 10th unit?
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