2 9. For the cost function C(x)= 500x+.01x+400 a) find the average cost function and find the demand level with minimum average cost. What is that minimum average cost per unit ? b) what is the marginal cost when x=200 ?

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter3: Functions
Section3.3: Rates Of Change And Behavior Of Graphs
Problem 3SE: How are the absolute maximum and minimum similar to and different from the local extrema?
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9. For the cost function C(x)= 500x+.01x¯+400
a) find the average cost function and find the demand level with minimum average cost. What
is that minimum average cost per unit ?
b) what is the marginal cost when x=200 ?
Transcribed Image Text:2 9. For the cost function C(x)= 500x+.01x¯+400 a) find the average cost function and find the demand level with minimum average cost. What is that minimum average cost per unit ? b) what is the marginal cost when x=200 ?
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