3] Let the total cost function be C(x) =x² + 4x + 12 $. Answer the following questions. a. Find the marginal cost function. b. Find the estimate cost of 11th item. c. Find the actual cost of 11th item. (

3] Let the total cost function be C(x) =x² + 4x + 12 $. Answer the following questions. a. Find the marginal cost function. b. Find the estimate cost of 11th item. c. Find the actual cost of 11th item. (

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter7: Production, Costs, And Industry Structure

Section: Chapter Questions

Problem 18RQ: How do we calculate each of the following: marginal cost, average total cost, and average variable...

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3] Let the total cost function be C(x) =x² + 4x + 12 $. Answer the following questions.
a. Find the marginal cost function.i
b. Find the estimate cost of 11th item.,
c. Find the actual cost of 11th item. (

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