The marginal cost function of a company is given by MC 5+x, and the cost of producing 2 umits is 712 OMR. Then the fixed cost of this company is Select one:
The marginal cost function of a company is given by MC 5+x, and the cost of producing 2 umits is 712 OMR. Then the fixed cost of this company is Select one:
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter7: Proudction Costs
Section: Chapter Questions
Problem 19SQ
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Transcribed Image Text:The marginal cost function of a company is given by MC = 5+x, and the cost of
producing 2 units is 712 OMR. Then the fixed cost of this company is
Select one:
a.
1 7
b.
12
C.
14
d.
700
712
of
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