Question: Question 2. In general, consider any differentiable cost function. (a) Prove that the marginal cost function always passes through the minimum points of both the

Question 2. In general, consider any differentiable cost function. (a) Prove

that the marginal cost function always passes through the minimum points of

Question 2. In general, consider any differentiable cost function. (a) Prove that the marginal cost function always passes through the minimum points of both the average cost function and the average variable cost function. (b) Show that lim AVC(ac) = MC(0). x>0+

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