Show analytically that if marginal cost is less than average cost, then the derivative of average cost

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Show analytically that if marginal cost is less than average cost, then the derivative of average cost with respect to quantity satisfies a¨(q) < 0.

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Applied Calculus

ISBN: 9781119275565

6th Edition

Authors: Deborah Hughes Hallett, Patti Frazer Lock, Andrew M. Gleason, Daniel E. Flath, Sheldon P. Gordon, David O. Lomen, David Lovelock, William G. McCallum, Brad G. Osgood, Andrew Pasquale

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Question Posted: Apr 12, 2023 04:09 AM

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Show analytically that if marginal cost is greater than average cost, then the derivative of average cost with respect to quantity satisfies a'(q) > 0.
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Show analytically that if marginal cost is less than average cost, then the derivative of average cost

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Since aq Cqq we use the quo...View the full answer

Applied Calculus

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