Econ Related - Marginal Cost and Average Cost
I am struggling mightily with how find MC and AC from this equation TC = 35 + 5Q – 2Q^2 + 2Q^3
I've emailed my professor, and poured over difference youtube videos and online forums, but i still don't understand how solve this equation (Doh)
Any help would be greatly appreciated!
Re: Econ Related - Marginal Cost and Average Cost
To get the average cost, divide the total cost by the number of units produced.
To get the marginal cost, differentiate the total cost.