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The average cost function associated wit...

The average cost function associated with producing and marketing x units of an item is given by `AC = 3x - 11+ (10)/(x)`. Then MC at x = 2 is

A

2

B

5

C

3

D

1

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Knowledge Check

  • If the total cost function of producing x units of a commodity is given by 360 – 12x +2x^(2) , then the level of output at which the total cost is minimum is

    A
    24
    B
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    C
    6
    D
    3
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