If a company has a cost curve of TC = 300 + 2Q + Q² and it produces 300 units per day, then its marginal cost is: A) $1.00. B) $600. C) $602. D) $2.02.

Name: If a company has a cost curve of TC = 300 + 2Q + Q 2 and it produces 300 units per day, then its marginal cost is: A) $1.00. B) $600. C) $602. D) $2.02.
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Quizplus · Accepted Answer

To find marginal cost, we need to take the derivative of the total cost function with respect to Q. MC = d(TC)/dQ = 2 + ² Plug in Q = 300, we get: MC = 2 + ² = 2 + 2(1)(2)(300) = $602.

If a Company Has a Cost Curve of TC =