Practicing Success
The average cost function of producing and marketing 'x' units is given by $AC=2 x-20+\frac{50}{x}$. Then the value of the output x, for which the total cost is increasing is: |
x > 10 x < 5 x < 10 x > 5 |
x > 5 |
The correct answer is Option (4) → x > 5 |