If the marginal cost is given by function MC(x) = $\frac{x}{2}+3$ Which of the following can be the cost function? A. $\frac{x^2}{4}+3$ Choose the correct answer from the options given below: |
A only D only B and C only E only |
B and C only |
The correct answer is Option () - $MC(x)=\frac{x}{2}+3.$ $\text{Cost function }C(x)=\int MC(x)\,dx.$ $C(x)=\int\left(\frac{x}{2}+3\right)dx.$ $C(x)=\frac{x^2}{4}+3x+C.$ $\text{Any constant }C\text{ is admissible.}$ $\text{Option B: }\frac{x^2}{4}+3x+5 \text{ matches.}$ $\text{Option C: }\frac{x^2+12x-1}{4}=\frac{x^2}{4}+3x-\frac{1}{4} \text{ also matches.}$ $\text{Correct options: B and C.}$ |