The average cost for producing q units of a product is given by
Find the marginal cost when q = 10.
A) 12
B) 14
C) 112
D) 1120
E) 82.4

Name: The average cost for producing q units of a product is given by Find the marginal cost when q = 10. A) 12 B) 14 C) 112 D) 1120 E) 82.4
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Question

The average cost  for producing q units of a product is given by 
Find the marginal cost when q = 10.
A) 12 
B) 14 
C) 112 
D) 1120 
E) 82.4

Quizplus · Accepted Answer

To find the marginal cost, we need to take the derivative of the cost function with respect to q:
MC(q) = dC/dq = 60 - 2q
When q = 10, MC(10) = 60 - 20 = 40
Therefore, the answer is B) 14.

The Average Cost for Producing Q Units of a Product