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    Question

    TVC = x³ – b x² Total Fixed Cost (TFC) =

    848  Find the value of b such that Marginal Cost (MC) is minimum at x = 16.
    A 4 Correct Answer Incorrect Answer
    B 16 Correct Answer Incorrect Answer
    C 48 Correct Answer Incorrect Answer
    D 24 Correct Answer Incorrect Answer

    Solution

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