Question:
The total cost of a firm is given by c(x)=\(\frac{2x^3}{3}-4x^2+8x+7. \) The level of output at which marginal cost is minimum is
The total cost of a firm is given by c(x)=\(\frac{2x^3}{3}-4x^2+8x+7. \) The level of output at which marginal cost is minimum is
Updated On: Jun 14, 2024
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The Correct Option is C
Solution and Explanation
The correct option is (C): 2
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