Question

Q1. The total cost C(x) of a firm is : C(x) = 3x² + 5x + 2, where x is output. Determine
(i) the Average cost
(ii) the marginal cost function
(iii) the marginal cost when 5 units are produced
(iv) the actual cost of producing sixth unit

Answer 1

Answer:

iii) the marginal cost when 5 units are produced

Step-by-step explanation:

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