How do I find the marginal cost of the following: C(Q)= 50+10Q+2Q^2
Marginal Cost function for the curve: C(Q)= 50+10Q+2Q^2 is given
by the differential for this curve with respect to the
quantity..
The differential of an expression with respect to the variable x ,
say x^n would be n times x raised to power n-1, i.e.
n(x^(n-1))
The differential of the constant term would be Zero.
Hence, for C(Q)= 50+10Q+2Q^2
Its Differential, i.e. dC/dQ = 4Q + 10
Hence, for a total cost function, marginal cost can be obtained by
finding its differential or slope with respect to the variable
Q.
Hence, MC= 4Q + 10
Let me know in comments if you have any questions.
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