Afirm has the following cost function c(x)=5x2+50x+10 where x is the quantity produced and c is production costs. select the three correct statements select one or more:
a. the marginal cost is 5
b. the marginal cost is 70
c. the marginal cost is increasing.
d. this firm will have an increasing supply curve.
e. the marginal cost is 20
f. the marginal cost is decreasing.
g. there is no fixed cost.
h. the marginal cost is constant.
i. the marginal cost is 10x+50
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Afirm has the following cost function c(x)=5x2+50x+10 where x is the quantity produced and c is prod...
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