Question: MARGINAL AVERAGE COST Find the average cost function associated with the total cost function of Exercise.
a. What is the marginal average cost function C¯'?
b. Compute C¯' (5000) and C¯' (10,000) and interpret your results.
Exercise: MARGINAL COST, REVENUE, AND PROFIT Pulsar also manufactures a series of 20-in. flat-tube digital televisions. The quantity x of these sets demanded each week is related to the wholesale unit price p by the equation
p = -0.006x + 180
The weekly total cost incurred by Pulsar for producing x sets is
C(x) = 0.000002x3 - 0.02x2 + 120x + 60,000
Dollars.