Question 19 5 pts Given the production function y = =x1/3, if Price of output is P and price of input X is V and
Question 19
5 pts
Given the production function y = =x1/3, if Price of output is P and price of input X is V and fixed cost is FC,
what is the expression for marginal cost (MC) as a function of Y?
O MC=3Vy1/3
O MC=3y3/V
O MC = 81Vy2
O MC=Vy1/3
Question 20
5 pts
Given the production function y = 4x-5, if Price of output is P and price of input X is V and fixed cost is FC,
what is the expression for marginal cost (MC) as a function of Y?
O MC = -32Vy-3
O MC = Vy2/2
O MC = 4Vy-0.5
O MC = y/ 4V
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