Show analytically that if marginal cost is greater than average cost, then the derivative of average cost
Question:
Show analytically that if marginal cost is greater than average cost, then the derivative of average cost with respect to quantity satisfies a'(q) > 0.
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Since aq Cqq we use the quo...View the full answer
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Related Book For 
Applied Calculus
ISBN: 9781119275565
6th Edition
Authors: Deborah Hughes Hallett, Patti Frazer Lock, Andrew M. Gleason, Daniel E. Flath, Sheldon P. Gordon, David O. Lomen, David Lovelock, William G. McCallum, Brad G. Osgood, Andrew Pasquale
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