The average cost of a product is:AC=500+2000/X. Find the marginal cost for the 10th unit

      

The average cost of a product is:AC=500+2000/X. Find the marginal cost for the 10th unit.

  

Answers


jay
average cost=500+2000/x
1st step: find the cost function
cost function= average cost *variable say x i.e (AC.X)
COST FUNCTION= {500+2000/X}x
= 500X +2000
FINDING MARGINAL COST: differetiate cost function with respect to X
marginal cost= 500x^0+2000
marginal cost for 10th unit=500.10^0+2000
which is 2500

kenya5060 answered the question on February 5, 2018 at 13:08


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