(1) Write out the word true or false. Each is 1 pt. (Showing work is optional) (a) All critical numbers must be in the domain or interval of the function. (b) Generally speaking, average cost is minimized when the marginal average cost (the derivative of the average cost ) is zero. (c) When a function is increasing as well as concave up the function is increasing at a fast rate
(d) When the demand for a product is inelastic, small changes in price will have little or no change in demand. This applies to essential items. (c) A diamond ring is a product whose demand is inelastie.
(1) Write out the word true or false. Each is 1 pt. (Showing work is optional) (a) All critical numbers must be in the d
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(1) Write out the word true or false. Each is 1 pt. (Showing work is optional) (a) All critical numbers must be in the d
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