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Find the marginal average cost
A firm produces x tonnes of output at a total cost of C(x)=1/10x^3-4x^3+20x+5.
1. Find the avaerage cost 2. Average variable cost
1 answer
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Yeah, so I'm in urgent need of help with this homework.
1. Assume that in a perfectly competitive market, a firm's costs and
1 answer
asked by
Jon
768 views
When average total cost is declining then:
a) marginal cost must be less than average cost b) marginal cost must be greater than
1 answer
asked by
Nicci
1,635 views
To maximize its profits, a monopoly should produce the quantity where its marginal cost equals its:
Question 21 options: A)
1 answer
asked by
uosagp
117 views
Suppose a company increases production from a point where marginal cost equals average total cost to a point where marginal
1 answer
103 views
At the point where marginal cost equals average variable cost,
b and c. marginal cost is rising. average total cost is at its
1 answer
98 views
Suppose that the cost, in dollars, for a company to produce x pairs of a new line of jeans is
C(x)=2200+4x+0.01x2+0.0002x3. (a)
1 answer
asked by
Anonymous
2,170 views
45. The change in total output resulting from a 1-unit increase in the quantity of an input used, holding the quantities of all
8 answers
asked by
Calisto
2,080 views
Find the average cost function C associated with the following total cost function C.
C(x) = 0.000007x3 - 0.06x2 + 110x + 76000
2 answers
asked by
Kaleia
1,180 views
1. The law of diminishing returns implies that at some output level:
a) Marginal cost must fall b) Average total cost must
0 answers
asked by
Nathan
972 views