The marginal cost function of a firm is given by MC=300e^0.3x+70 when x is quantity produced. If fixed cost is Tk 5000, find the total cost function and the average cost function of the firm.

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i understand 100% 10/10 hit or miss?

step-by-step explanation:

  b.   the average rate of change of f(x) is less than the average rate of change of g(x).

step-by-step explanation:

since the length of the interval is the same in each case, we only need to compare the change in y-value to see which is greater.

so the change in y-value for function f is (6 )) = 9.

the table tells us

so the change in y-value for function g is (31 -1) = 30.

the change in y-value of f(x) on the interval is less than the change in y-value of g(x) on the same interval, so the average rate of change of f(x) is less than the average rate of change of g(x).