Question 44
HardOriginal questionThe cost of making units is rupees. At what output is the marginal cost least?
Show the answer and explanation
CorrectNot quiteAnswer A
Correct answer: A
Explanation
. It is least where its own derivative is 0: .
units, and the second derivative 6 is positive, so it is a minimum.
Worth noting
9 units halves 18 but forgets that the square term is : the lowest point of is at .
- Concept
- Where marginal cost is least
- Typical timeTypical
- 120 s
- Your timeYours
- —
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