Answer to Question #142332 in Finance for Mr. Dinesh Pal Singh

Question #142332
19. Given the total cost function
TC = 150 Q – 3Q2 + 0.25Q3
Complete the following table by computing the total, average, and marginal costs associated with each quantity indicated.

Quantity Total Cost Average Cost Marginal Cost
1
2
3
4
5
6
1
Expert's answer
2020-11-10T07:24:07-0500

We are given:



The average cost, and,


Marginal cost, is such that



When ,




( does not exist)



When







When





The remaining Q=4, 5 and 6 are completed in a similar manner. The table below is the completed solution.





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