Please see the attachment.© BrainMass Inc. brainmass.com December 20, 2018, 8:21 am ad1c9bdddf
Please see the attachment.
Homework Set 11: Problem 7 Section 4.5, Problem 9 Section 4.5
Section 4.5: Problem 9 pg. 201
9. The average cost per item to produce q items is given by
a(q) = 0.01q2 - 0.6q + 13, for q > 0 (the exponent on q is q squared).
A. What is the total cost, C(q), of producing q goods?
Total cost is C=A*q = 0.01q3 - 0.6q2 + 13q
B. What is the minimum marginal cost? What is the practical interpretation of this result?
The solution computes the marginal cost at q = 30. How does this relate to your answer to part C.