Solution-Total cost function with respect to the quantity

Total cost function with respect to the quantity

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Reference no: EM131058698

The marginal cost of production measures the change in total cost of a good that arises from producing one additional unit of that good. The marginal cost is calculated by dividing the change in the total cost by the change in quantity. Using calculus, the marginal cost is calculated by taking the first derivative of the total cost function with respect to the quantity: MC = dTC/dQ.

Reference no: EM131058698

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Total cost function with respect to the quantity : Using calculus, the marginal cost is calculated by taking the first derivative of the total cost function with respect to the quantity: MC = dTC/dQ.

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Total cost function with respect to the quantity

Reference no: EM131058698

Reference no: EM131058698

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