Two CPA students were discussing the relationship between average cost and total cost. One student said that since average cost is obtained by dividing the cost...

      

Two CPA students were discussing 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.

  

Answers

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Mutiso answered the question on December 6, 2018 at 06:00

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