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A cost function is given. (a) find the average cost and marginal cost functions. c(x) = 3700 + 5x - 0.04x^2 + 0.0003x^3
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A cost function is given. (a) find the average cost and marginal cost functions. c(x) = 3700 + 5x - 0.04x^2 + 0.0003x^3

User Duber
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x=quantity produced or sold.
Average cost = c(x)/x = (3700+5x-0.04x^2)/x = 3700/x+5-0.04x

Marginal cost = c'(x) = 5-0.08x
User Paulthenerd
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