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Find the Average cost and Marginal cost if the total cost function of an article is given by C = 5x2 + 2x + 3 (x = quantity). |
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Answer» Given T.C = C(x) = 5x2 + 2x + 3; M.C = \(\frac{d}{dx}\)(T.C) = 10x + 2 A.C = \(\frac{cx}{x}\) = \(\frac{T.c}{x}\) = \(\frac{5x^2 + 2x + 3}{x}\) = 5x + 2 + \(\frac{3}{x}\) |
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