1.

Given that the marginal cost MC and average cost AC for a product are equal. Then thetotal cost C is a(i) constant function(ii) linear function of number of units (x) produced(iii) quadratic function of number of units (x) produced(iv) None of these

Answer»

CONSTANT function
linear function of number of units (x) PRODUCED
quadratic function of number of units (x) produced
None of these

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