Solve the below:
Q: When MC is below AC, AC is decreasing. Why? ¢When MC is above AC, AC is increasing. Why? ¢MC = AC when AC is at minimum.
Given VC = x3 - 3x2 + 4x and FC= 10
Take home problem set 2: Due16 August 2012
1 .TC
2. AVC
3. ATC
4. MC
5. At what level of x is AVC at the minimum?
6. At what level of x is MC at the minimum?
7. At what level of x is ATC at the minimum?