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OpenStudy (anonymous):

how do you find variable cost using marginal cost?

OpenStudy (anonymous):

I guess an Integral of a variable cost is its Marginal cost

OpenStudy (anonymous):

Dear cvilla1 Remember that if \[CT(q)=CV(q)+F\] is the total cost, \[CV(q)\] is the variable cost, \[F\] is the fixed cost and \[q \ge0\] is the quantity then the marginal cost is define as: Discrete case: \[\frac{ \Delta CT(q) }{ \Delta q } = \frac{ \Delta CV(q) }{ \Delta q } = \frac{ CV(q + \Delta q) -CV(q)}{ \Delta q }\] If \[\Delta q = 1\] then \[\frac{ \Delta CT(q) }{ \Delta q } = CV (q+1) - CV(q)\] For the discrete case \[CV(q) = \sum_{q=0}^{q-1} [CV(q+1) - CV(q)] \] where \[CV(0) = 0\] Continuous case: \[\lim_{\Delta q \rightarrow 0} \frac{ \Delta CT(q) }{ \Delta q } = \lim_{\Delta q \rightarrow 0} \frac{CT(q + \Delta q) - CT(q)}{ \Delta q } = \frac{ dCT(q) }{ dq } \] For the continuous case by the Fundamental Theorem of Calculus: \[CT(q) = \int\limits_{0}^{q} \frac{ dCT(q) }{ dq } dq\] Therefore \[CV(q) = CT(q) - F = \left( \int\limits_{0}^{q}\frac{ dCT(q) }{ dq }dq \right) - F\] Best wishes luifrancgom

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