It is meaningless.
There is an average cost function.
There is a marginal cost function.
combining them is meaningless.
What is the marginal average cost function?
3 answers
That's interesting you say that, listed under my professor's list of things we need to study, he has that listed. Do you believe it to be a mistake? Should I email him perhaps? I see what you are saying here. Thank you Bob.
He might have meant
marginal/average cost function.
Email him at your own peril.
marginal/average cost function.
Email him at your own peril.