The relation between 'marginal cost (MC)' and 'average cost (AC)' of producing 'x' units of a product is
The relation between 'marginal cost (MC)' and 'average cost (AC)' of producing 'x' units of a product is
Solution
✅ Correct Option: 4
With total cost , average cost is and marginal cost is .
Differentiating by the quotient rule: .
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