Question 7 Given the following Average cost function: 7.1 Determine the marginal cost function. 7.2 Determine the margin

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Question 7 Given The Following Average Cost Function 7 1 Determine The Marginal Cost Function 7 2 Determine The Margin 1 (28.06 KiB) Viewed 20 times

Question 7 Given the following Average cost function: 7.1 Determine the marginal cost function. 7.2 Determine the marginal cost when q = 100. [2] 7.3 Determine the average cost when q = 210. 7.4 If the production quantity is to be increased by 1 unit at a present production level of 210 units, determine by how much the total cost would increase. [1] c = 10 + 10q4q² + q³ [6] [2] [1] 7