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(a) The total cost function of a firm is C(x) = 1000000 + 500×2 + 250x. What is the Average cost function? what is the marginal co

By Harper

(a) The total cost function of a firm is C(x) = 1000000 + 500×2 + 250x. What is the Average cost function? what is the marginal cost function? at what value of x is the average cost minimized?

Q5(b) A company’s marginal revenue function is given as MR(x) = 5000 – 100x. Find the total revenue function and the total revenue maximizing output.​

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Harper

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1 thought on “(a) The total cost function of a firm is C(x) = 1000000 + 500×2 + 250x. What is the Average cost function? what is the marginal co”

  1. Answer:

    total cost of function of a firm

    Step-by-step explanation:

    x = 1000000 + 500×2 + 250 ×

    1× – 250× = 200000000

    249x = 200000000

    ×= 2000000000÷249

    ×=

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