Given the production function y=x/3, if Price of output is P and price of input X is V and fixed cost is FC, what is the expression for marginal cost (MC) as a function of Y? O MC=3Vy1/3 O MC=3y3/V O MC = 81Vy2 O MC=Vy1/3

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Given the production function y=x/3, if Price of output is P and
price of input X is V and fixed cost is FC, what is the expression for
marginal cost (MC) as a function of Y?
O MC=3Vy1/3
O MC=3y3/V
O MC = 81Vy2
O MC=Vy1/3
Transcribed Image Text:Given the production function y=x/3, if Price of output is P and price of input X is V and fixed cost is FC, what is the expression for marginal cost (MC) as a function of Y? O MC=3Vy1/3 O MC=3y3/V O MC = 81Vy2 O MC=Vy1/3
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