Wednesday, August 10, 2011

How do you find variable cost using the marginal cost equation?

In order to get from marginal cost to total cost you integrate the marginal cost function with respect to Q to get TC=C+1.5Q^2. Since you are given that FC=10, C=10 in the total cost function. That is, TC=10+1,5Q^2. So the variable cost function is VC=1.5Q^2.

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