Economics · Cost Analysis

For a manufacturing firm, the cost function is given by C = q3 + 2q2 + q + 1. The marginal cost (MC) and average cost (AC) at q = 10 units are respectively:

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1328 and 110.1
2341 and 121.1✓
3340 and 125
4300 and 100

Correct answer

341 and 121.1

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For a manufacturing firm, the cost function is given by C = q3 + 2q2 + q + 1. The marginal cost (MC) and average cost (AC) at q = 10 units are respectively:

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For a manufacturing firm, the cost function is given by C = q3 + 2q2 + q + 1. The marginal cost (MC) and average cost (AC) at q = 10 units are respectively:

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