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Q.

If the total cost function is given by C(x)=10x7x2+3x3 then the marginal average cost function (MAC) is given by,

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a

107x+3x2

b

14+18x

c

1014x+9x2

d

7+6x

answer is C.

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Detailed Solution

Given, function is,

C(x)=10x7x2+3x3

Here,

AC=C(x)xAC=10xx7x2x+3x3x

AC=107x+3x2

Here, marginal average cost function,

MAC=ddx(AC)MAC=ddx107x+3x2MAC=7+6x

Thus, the correct option is C.

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If the total cost function is given by C(x)=10x−7x2+3x3 then the marginal average cost function (MAC) is given by,