Question:
The Total Variable Cost (TVC) for a firm is given by TVC = $x^3-bx^2$. The Total Fixed Cost is 848. The value of b for which the Marginal Cost is minimum at x = 16 is________ (in integer).
The Total Variable Cost (TVC) for a firm is given by TVC = $x^3-bx^2$. The Total Fixed Cost is 848. The value of b for which the Marginal Cost is minimum at x = 16 is________ (in integer).
Updated On: Oct 1, 2024
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Correct Answer: 48
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The correct answer is: 48
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