Problem
1. If TC = 65 + q1.5 what is MC when q = 25?
2. Derive a formula for MC if TC = 4q3 - 20q2 + 60q + 40.
3. If TC = 0.5q3 - 3q2 + 25q + 20 derive functions for: (a) MC, (b) AC, (c) the slope of AC.
4. What is special about MC if TC = 25 + 0.8q?
5. Make up your own TC function and then derive the corresponding MC function.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.