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Function of total costs of a business

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Reference no: EM131877063

If the function of total costs of a business comes from:

TC(q)= 3q3-54q2+500q+2595

a) Calculate the marginal cost for: q0=1 ; q0=6 ; q0=12 and q0= 14. Which one is the greater and lowest?

b) Calculate the average cost (Caverage(q)= (TC(q)/q )= AVERAGE COST ), for q0=1 ; q0= 6 ; q0=12 and q0= 14. Which one is the greater and the lowest?

Reference no: EM131877063

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