Essay
The marginal cost function for a manufacturer's product is
= 0.0003
- 0.03q + 4,where c is in dollars.If fixed costs are $5000,determine: (a)the manufacturer's total cost function; (b)the manufacturer's average cost function.
Correct Answer:
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(a)c = 0.0001
_TB6578_11 - 0.0...
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