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Homework answers / question archive / If the total cost for producing xx units of a particular product is given by C(x)C(x), then the average cost of production those xx units is given by A(x)=C(x)xA(x)=C(x)x
If the total cost for producing xx units of a particular product is given by C(x)C(x), then the average cost of production those xx units is given by A(x)=C(x)xA(x)=C(x)x.
(a) If our cost function is C(x)=15,000+100x+2x32C(x)=15,000+100x+2x32, what values of xx will result in the minimum average cost?
(b) What is the minimum average cost?
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