Compute marginal cost.
1. For the multiproduct cost function C(Q1,Q2) = 100 + 2Q1Q2 + 4Q12,
Illustrate what is the marginal cost function for good one?
a) MC1 = 2Q2 + 4Q1 - Q22.
b) MC1 = 2Q2 + 8Q1.
c) MC1 = 100 + 2Q1Q2 + 4Q12.
d) MC1 = 4Q12 - 2 Q22.
2. For the cost function C(Q) = 100 + 2Q + 3Q2, the marginal cost of producing 2 units of output is
- 2
- 3
- 12
- 14