Tuesday

October 21, 2014

October 21, 2014

Posted by **Brett** on Tuesday, February 10, 2009 at 10:04pm.

The cost functon is C(q)= 50+.5q

im given q 1 through 7

Ive aready calculated TC for q=1 TC=50.5 for q=2 TC=51 and so on

MC is where im having Trouble.

i know MC = dC(q)/dq or change in cost over change in q.

my teacher is telling me that the MC for q=2 IS 51/2=25.5 But wouldnt MC= .5/1 ( 51-50.5)/(2-1) I cant get him to respond to my emails and im panicing

Thanks

- Math -
**drwls**, Wednesday, February 11, 2009 at 1:01amIt would help if you told us what MC, TC and AC mean. Marginal, total and average cost? It looks like your C(q) is already a total cost.

The marginal cost is the cost of making one more. That is clearly 0.5 here.

**Answer this Question**

**Related Questions**

Econ - Im having trouble with filling in a table for MC TC and AC given a cost ...

ACCOUNTING HELP - Hello, I'm having trouble understanding Direct Cost, Overhead ...

ACCOUNTING HELP - Hello, I'm having trouble understanding Direct Cost, Overhead ...

9th grade algebra math hw, help?(: - The table below shows the cost of renting a...

ACC305 Accounting for Decision Making - I am trying to get my research paper ...

ACC305 Accounting for Decision Making - I am trying to get my research paper ...

math - average cost suppose that the daily cost "C" of manufacturing bicyclesis ...

math,algebra,help - Problem states: Business and finance. The cost of producing ...

Math - The table shows the cost of a ski rental package for a given number of ...

business and finance - The cost of producing a number of items x is given by C=...