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Homework answers / question archive / The daily total cost (in dollars) incurred by Trappee and Sons for producing xx cases of TexaPep hot sauce is given by the following function

The daily total cost (in dollars) incurred by Trappee and Sons for producing xx cases of TexaPep hot sauce is given by the following function

Accounting

The daily total cost (in dollars) incurred by Trappee and Sons for producing xx cases of TexaPep hot sauce is given by the following function.

C(x)=0.000002x3+4x+340C(x)=0.000002x3+4x+340

A) Find the average cost function ¯CC¯.

B) Find the level of production that results in the smallest average production cost. (Round your answer to the nearest whole number.)

C) Find the level of production for which the average cost is equal to the marginal cost. (Round your answer to the nearest whole number.)

Option 1

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