The total cost equation in the production of beckon at a certain factory is given as follows
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Question:
The total cost equation in the production of beckon at a certain factory is given as follows C= 1000+ 100Q-25Q2+ Q3 Where C is the cost is Shs. and Q is the quality in Kg. Required:
i. Compute the total and average cost at the output of 10kg and 11kg.
ii. What is the marginal cost of the 12th kg?
Related Book For
Advanced Accounting
ISBN: 978-0134472140
13th edition
Authors: Floyd A. Beams, Joseph H. Anthony, Bruce Bettinghaus, Kenneth Smith
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