Question: 1. Consider a cost function C, and the average cost function A(x) = C(x). x (a) Compute the derivative of A in terms of A,

1. Consider a cost function C, and the average cost function A(x) = C(x). x (a) Compute the derivative of A in terms of A, C, and x only (there should be no C in your formula). (b) If the marginal cost is greater than the average cost, what happens to the average cost? Explain mathematically using Question 1, and then explain in your own words why this makes sense (e.g. "the marginal cost represents

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