Question: (a) Find the total cost function given that the marginal cost function MC = 2Q + 3Q and that total costs are 40 when Q

(a) Find the total cost function given that the marginal cost function MC = 2Q + 3√Q and that total costs are 40 when Q = 4.
(b) The inverse demand function for a good is Q = 10 - P/2P. Find the consumer’s surplus when the price P = 2. Round your answer to two decimal places.

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a TC 20302 do Q 202c Put Q4 and TC 40 to get 401... View full answer

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