Question

Asked Feb 22, 2019

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Given an average cost function

C_{ave}=α−x,

and also that C(10)=20, where C(x) is the cost function, calculate α.

Step 1

Step 2

We have to find value of aplha when average cost is given and cost is 20 when x=10

Step 3

Now we know that average cost =cost/x,with the help of given inform...

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