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What is the marginal average cost function

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Reference no: EM131560760

Question: MARGINAL AVERAGE COST Find the average cost function associated with the total cost function of Exercise.

a. What is the marginal average cost function C¯'?

b. Compute C¯' (5000) and C¯' (10,000) and interpret your results.

Exercise: MARGINAL COST, REVENUE, AND PROFIT Pulsar also manufactures a series of 20-in. flat-tube digital televisions. The quantity x of these sets demanded each week is related to the wholesale unit price p by the equation

p = -0.006x + 180

The weekly total cost incurred by Pulsar for producing x sets is

C(x) = 0.000002x3 - 0.02x2 + 120x + 60,000

Dollars.

Reference no: EM131560760

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