For the cost function C(Q)= 100 + 2Q + 3Q²,the marginal cost of producing 2 units of output is: A) 2. B) 3. C) 12. D) 14.

Name: For the cost function C(Q)= 100 + 2Q + 3Q 2 ,the marginal cost of producing 2 units of output is: A) 2. B) 3. C) 12. D) 14.
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Question

Quizplus · Accepted Answer

The marginal cost is the derivative of the cost function with respect to Q. The derivative of C(Q) = 100 + 2Q + 3Q^2 is MC(Q) = 2 + 6Q. Plugging in Q = 2 gives MC(2) = 2 + 6(2) = 14.

For the Cost Function C(Q)= 100 + 2Q + 3Q2,the

For the Cost Function C(Q)= 100 + 2Q + 3Q²,the