TheNextOne
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- Mar 18, 2006
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Let c = G(q) represent the total cost of distributing q > 0 litres of gas by an
oil company. It is assumed that G is differentiable and that the average cost has a relative extrema at a value q0. Use calculus to mathematically verify that, when q = q0, the average cost equals the marginal cost.
How would i do this?
The average cost would be G(q0)/(q0)
The Marginal Cost would be ????
oil company. It is assumed that G is differentiable and that the average cost has a relative extrema at a value q0. Use calculus to mathematically verify that, when q = q0, the average cost equals the marginal cost.
How would i do this?
The average cost would be G(q0)/(q0)
The Marginal Cost would be ????