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If the total cost function is given by C...

If the total cost function is given by `C(x) = 10x - 7x^(2) + 3x^(3)`, then the marginal average cost

A

`10-14x+9x^(2)`

B

`10-7x+3x^(2)`

C

`-7+6x`

D

`-14+18x`

Text Solution

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The correct Answer is:
To find the marginal average cost from the given total cost function \( C(x) = 10x - 7x^2 + 3x^3 \), we will follow these steps: ### Step 1: Find the Average Cost Function The average cost function \( AC(x) \) is given by the total cost function divided by the quantity \( x \): \[ AC(x) = \frac{C(x)}{x} = \frac{10x - 7x^2 + 3x^3}{x} \] Simplifying this, we get: \[ AC(x) = 10 - 7x + 3x^2 \] ### Step 2: Differentiate the Average Cost Function Next, we need to find the marginal average cost, which is the derivative of the average cost function with respect to \( x \): \[ \text{Marginal Average Cost (MAC)} = \frac{d}{dx} AC(x) \] Calculating the derivative: \[ \frac{d}{dx}(10 - 7x + 3x^2) = 0 - 7 + 6x \] Thus, we have: \[ MAC = -7 + 6x \] ### Final Result The marginal average cost is: \[ MAC = -7 + 6x \]
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