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if a manufacturer average cost is given by AC=0.001q2 -0.12q+7+7000/q.find the marginal cost fuction. evaluate when it 50 units are produced Question 4 (20 marks)
if a manufacturer average cost is given by AC=0.001q2 -0.12q+7+7000/q.find the marginal cost fuction. evaluate when it 50 units are produced
Question 4 (20 marks) If a manufacturer's average cost is given by AC =0.00172 -0.12q+ 7 + 7000. Find (a) the marginal cost function; (b) evaluate it when 50 units are produced. 10
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