A manufacturing company has its variable cost given by where is the number of quantities produced. The price per unit is . The ratio of marginal cost and marginal revenue when 5 units were both produced and in demand is:
- A1 : 10
- B1 : 2
- C2 : 1
- D10 : 1
Solution & Step-by-step Explanation
1. Marginal Cost (): At , .2. Marginal Revenue ():Revenue At , .3. Ratio:Ratio .