For a manufacturer, total cost function is given by . Which of the following are correct ?
A. 2.6 is the marginal cost when 5 units are produced.
B. is the marginal cost function.
C. is the average cost function.
D. 2.4 is the marginal cost when 5 units are produced.
E. is the average cost function.
Choose the correct answer from the options given below:
For a manufacturer, total cost function is given by . Which of the following are correct ?
A. 2.6 is the marginal cost when 5 units are produced.
B. is the marginal cost function.
C. is the average cost function.
D. 2.4 is the marginal cost when 5 units are produced.
E. is the average cost function.
Choose the correct answer from the options given below:
Solution
✅ Correct Option: 3
, so MC formula in B is correct. , so AC formula in C is correct (E is wrong). At : , so D is correct (A is wrong). Hence C, B, D only.
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