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1. The total cost in thousands of shillings (TC) of producing Q units of a given product is given by the following function: TC = 1,200 + 2Q2-12Q Required: (i) The total fixed costs, variable cost and Marginal Cost. (ii) The output level that will minimize the marginal cost. (iii) The marginal cost when the level of output is 4500 units. 1. The total cost in thousands of shillings (TC) of producing Q units of a given product is given by the following function: TC = 1,200 + 2Q2-12Q

succurely

1. The total cost in thousands of shillings (TC) of producing Q units of a given product is given by the following function:

TC = 1,200 + 2Q2-12Q

Required:

(i) The total fixed costs, variable cost and Marginal Cost.

(ii) The output level that will minimize the marginal cost.

(iii) The marginal cost when the level of output is 4500 units. 1. The total cost in thousands of shillings (TC) of producing Q units of a given product is given by the following function:

TC = 1,200 + 2Q2-12Q

Required:

(i) The total fixed costs, variable cost and Marginal Cost.

(ii) The output level that will minimize the marginal cost.

(iii) The marginal cost when the level of output is 4500 units. 1.

The total cost in thousands of shillings (TC) of producing Q units of a given product is given by the following function:

TC = 1,200 + 2Q2-12Q

Required:

(i) The total fixed costs, variable cost and Marginal Cost.

(ii) The output level that will minimize the marginal cost.

(iii) The marginal cost when the level of output is 4500 units.</pclass=”default”>