Asked by
Amelia Stone
on Dec 01, 2024Verified
If Green Acres Turf Farm's total cost of producing acres of sod is TC = 4Q2 + 25Q + 30, the marginal cost of producing the 20th acre of sod is
A) $30.
B) $25.
C) $105.
D) $185.
E) $345.
Total Cost
The full expense incurred in the production or acquisition of goods or services, including both fixed and variable costs.
Marginal Cost
The supplementary charge triggered by the manufacture of one extra unit of a product or service.
- Ascertain the marginal and average costs through given cost functions.
Verified Answer
RJ
Learning Objectives
- Ascertain the marginal and average costs through given cost functions.