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-   -   going for average cost function to total cost function (http://mymathforum.com/calculus/26212-going-average-cost-function-total-cost-function.html)

pomazebog March 28th, 2012 08:49 PM

going for average cost function to total cost function
 
Hey, just got a simple question here...

How would I turn this average cost function into a total cost function?

can anyone help please?

MarkFL March 28th, 2012 08:58 PM

Re: going for average cost function to total cost function
 
Average cost is total cost per unit:



So, take the average cost, and multiply by the number of units q.

pomazebog March 28th, 2012 08:59 PM

Re: going for average cost function to total cost function
 
is the correct answer for total cost ??

MarkFL March 28th, 2012 09:03 PM

Re: going for average cost function to total cost function
 
Well, I would write:



Can you identify the fixed cost and the marginal cost from this?

pomazebog March 28th, 2012 09:12 PM

Re: going for average cost function to total cost function
 
marginal cost would be the derivative. which would be

Fixed cost however, we haven't worked on in calculus class. :?

MarkFL March 28th, 2012 09:15 PM

Re: going for average cost function to total cost function
 
Fixed cost is simply c(0) or in this case the constant 273. :mrgreen:


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