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a) Two students were discussing about the relationship between average cost and total cost. One student said that since average cost is obtained by dividing
a) Two students were discussing about the relationship between average cost and total cost. One student said that since average cost is obtained by dividing the cost function by the number of units Q, it follows that the derivative of the average cost is the same as marginal cost, since the derivative of Q is 1 Required: Comment on this analysis
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Cost Accounting A Managerial Emphasis
Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav
14th Edition
978-0132960649, 132960648, 132109174, 978-0132109178
