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Homework answers / question archive / Determine the level of production that minimizes the average cost if the cost function is C(x)=10 e0
Determine the level of production that minimizes the average cost if the cost function is C(x)=10 e0.04xC(x)=10 e0.04x. Round answer to the nearest whole number.
a. 16 units16 units
b. 20 units20 units
c. 25 units25 units
d. 27 units
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