Let the cost function of a firm be given by the following equation. x x x C 12 9 2 2 3 , where

C stands for cost and x for output. Calculate,

(i) Output at which marginal cost is minimum

(ii) Output, at which average cost is minimum

(iii) Output at which average cost is equal to marginal cost.

asked by guest
on Mar 31, 2025 at 12:09 pm



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