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18 June, 12:38

A cost function is given. (a) find the average cost and marginal cost functions. c (x) = 3700 + 5x - 0.04x^2 + 0.0003x^3

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  1. 18 June, 14:52
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    X=quantity produced or sold.

    Average cost = c (x) / x = (3700+5x-0.04x^2) / x = 3700/x+5-0.04x

    Marginal cost = c' (x) = 5-0.08x
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