Andrew C.
asked 08/22/15
Given the cost function C(x), the marginal cost is given by which of the following?
a. ∫C(x)dx
b. ∫xC(x)dx
c. C'(x)
d. ( C'(x) )/x
e. none of these
Dr. Neal G.
answered 08/22/15
Princeton Ph.D. retired engineering professor
I believe the marginal cost represents (after the initial investment) to make an incremental amount more of you product. That would make the marginal cost answer c) because dC = C′(x)dx
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