QuestionFind the marginal cost $M C$ and average cost $A C$ from the total cost function $T C=300 \ln (q+30)+150$.

Studdy Solution
Now, plug in the given total cost function into the average cost function.
$$AC = \frac{300 \ln (q+30) +150}{q}$$So, the marginal cost function is $MC = \frac{300}{q+30}$ and the average cost function is $AC = \frac{300 \ln (q+30) +150}{q}$.