Answer to Question #146536 in Microeconomics for Edwin

Question #146536
A firm has a monopoly in the market for match boxes. In order to produce Q match boxes, it cost a firm C(Q)=2Q^2

a) Find the marginal cost of producing a matchbox for this firm?
1
Expert's answer
2020-11-25T11:30:55-0500
"Solution"

Total Cost for "q" match boxes is therefore;

"TC=2q^2\\\\\nDifferentiate\\ the\\ cost\\ function\\ to\\ obtain\\ Marginal\\ Cost.\\\\\nWhich\\ is\\\\\nMC=\\frac {\\Delta\\ TC}{\\Delta\\ q}=4q\\\\"


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