Nov 11, 2018 · There are several ways to measure the costs of production, and some of these costs are related in interesting ways. For example, average cost (AC), also called average total cost, is the total cost divided by quantity produced; marginal cost (MC) is the incremental cost of the last unit produced. Sep 25, 2010 · B. Find the marginal average profit function P'(x), then determin the marginal average profit at a production level of 50 units, and interpret. (this i do not believe I need help with this, if I am correct. I just need to find the derivative of the Profit function and then substitute 50) D. Marginal benefit equals marginal cost and value marginal product of labor equals wage. Given the linear production function Q = 10K + 5L, if Q = 10,000 and K = 500, how much labor is utilized? A. 600 units