Asked by moon
The total cost C(x) of a firm is C(x) = 0.0005x^3 – 0.7x^2 – 30x + 3,000, where x is the output. The value of x; for which MVC = AVC is: (where VC denotes the variable cost, MVC denotes marginal variable cost and AVC denotes average variable cost
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Answered by
Ms. Sue
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