The total cost of producing q items is given by the formula C(q) = -q^3 + 40q^2 +1000, e.g. C(10) gives the cost of the first 10 items.                       a) Find the average cost of producing the first 12 items.                             b. Find the marginal cost when q = 9.

Managerial Economics: A Problem Solving Approach
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11) The total cost of producing q items is given by the formula C(q) = -q^3 + 40q^2 +1000, e.g. C(10) gives the cost of the first 10 items.                    

 

  1. a) Find the average cost of producing the first 12 items.

           

 

 

 

 

 

 

 

 

b. Find the marginal cost when q = 9.        

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