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March 28th, 2012, 08:49 PM  #1 
Senior Member Joined: Jan 2012 Posts: 100 Thanks: 0  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? 
March 28th, 2012, 08:58 PM  #2 
Senior Member Joined: Jul 2010 From: St. Augustine, FL., U.S.A.'s oldest city Posts: 12,155 Thanks: 466 Math Focus: Calculus/ODEs  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. 
March 28th, 2012, 08:59 PM  #3 
Senior Member Joined: Jan 2012 Posts: 100 Thanks: 0  Re: going for average cost function to total cost function
is the correct answer for total cost ??

March 28th, 2012, 09:03 PM  #4 
Senior Member Joined: Jul 2010 From: St. Augustine, FL., U.S.A.'s oldest city Posts: 12,155 Thanks: 466 Math Focus: Calculus/ODEs  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? 
March 28th, 2012, 09:12 PM  #5 
Senior Member Joined: Jan 2012 Posts: 100 Thanks: 0  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. 
March 28th, 2012, 09:15 PM  #6 
Senior Member Joined: Jul 2010 From: St. Augustine, FL., U.S.A.'s oldest city Posts: 12,155 Thanks: 466 Math Focus: Calculus/ODEs  Re: going for average cost function to total cost function
Fixed cost is simply c(0) or in this case the constant 273. 

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