Homework Help Forum: Economics

Posted by cb on Sunday, October 25, 2009 at 1:18pm.

Can someone help with the following: I know how to get the MC and AC; however I'm not sure on the algabraic part. Given the following short-run total cost function, answer the following questions. TC = 3q2 + 5q + 300 a. Find the marginal and average cost functions. b. Show that AC is at its minimum when q = 10 and that MC = AC at this output.

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