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The cost function of a firm is given by C(x)=250,000+15,000-0.3x3 What is the firm's marginal cost(MC)? Evaluate MC(X=100)? What does your answer from (ii) suggest
The cost function of a firm is given by C(x)=250,000+15,000-0.3x3
What is the firm's marginal cost(MC)?
Evaluate MC(X=100)?
What does your answer from (ii) suggest about the firm's cost when x=100
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