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Compute marginal cost.

 

1.  For the multiproduct cost function C(Q1,Q2) = 100 + 2Q1Q2 + 4Q12,

Illustrate what is the marginal cost function for good one?

a)      MC1 = 2Q2 + 4Q1 - Q22.

b)      MC1 = 2Q2 + 8Q1.

c)      MC1 = 100 + 2Q1Q2 + 4Q12.

d)      MC1 = 4Q12 - 2 Q22.

 2.  For the cost function C(Q) = 100 + 2Q + 3Q2, the marginal cost of producing 2 units of output is 

  1. 2
  2. 3
  3. 12
  4. 14

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M917788

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