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Calculation of marginal cost

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1.If a company has a cost curve of TC = 300 + 2Q + Q2 and it produces 300 units per day, then its marginal cost is

2. As output expands from 199 to 200 units and total costs rise from $2985 to $3000, the marginal cost of production is:

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Solution Summary

This solution answers the following two questions in detail:

1.If a company has a cost curve of TC = 300 + 2Q + Q^2 and it produces 300 units per day, then its marginal cost is:
2. As output expands from 199 to 200 units and total costs rise from $2985 to $3000, the marginal cost of production is:

Solution provided by:
Edwin Sinclar, MBA
Education
  • MBA, Aspen University
  • Bachelor of Science , Berea College
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