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Examplecost PDF
Examplecost PDF
Examplecost PDF
14
12
10
0 2 4 6 8 10 12 14 16 18 20
q
1
14
12
10
0 2 4 q6 8 10 12
14
12
10
0 1 2 3 4 5
q
2
4) Total cost: T C(q) = 10 + 10q 2
dT C(q)
Marginal cost: M C(q) = dq = 20q
2
Average cost: AC(q) = T C(q)
q = 10+10q
q = 10
q + 10q
where AV C(q) = 10q and AF C(q) = 10 q
40
30
20
10
0 1 2 3 4 5
q