Math Problem Statement
A firm produces x tonnes of output at a total cost C = ( 1/10 x^3-5x^2 + 10x +5). At what level of output will the marginal cost and the average variable cost attain their respective minimum? (in MARATHI)
Solution
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Math Problem Analysis
Mathematical Concepts
Calculus
Derivatives
Cost Functions
Formulas
Marginal Cost (MC) = dC/dx
Average Variable Cost (AVC) = (C - Fixed Cost)/x
Theorems
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Suitable Grade Level
Graduate Level
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