Question

(a) The total cost function of a firm is C(x) = 1000000 + 500x2 + 250x. What is the Average cost function? what is the marginal cost function? at what value of x is the average cost minimized?

Q5(b) A company’s marginal revenue function is given as MR(x) = 5000 - 100x. Find the total revenue function and the total revenue maximizing output.​

Answer 1

Answer:

total cost of function of a firm

Step-by-step explanation:

x = 1000000 + 500×2 + 250 ×

1× - 250× = 200000000

249x = 200000000

×= 2000000000÷249

×=