A sugar refinery can produce x tons of sugar per week at a weekly cost of 0.1x2 + 3x+ 1690 dollars. Find the level of production for which the average cost is at a minimum and determine the average cost and marginal cost at that level of production. The level of production for which the average cost is at a minimum is x= tons.

College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter4: Polynomial And Rational Functions
Section4.1: Quadratic Functions
Problem 6SC: A company that makes and sells baseball caps has found that the total monthly cost C in dollars of...
icon
Related questions
Question
100%
A sugar refinery can produce x tons of sugar per week at a weekly cost of 0.1x2 + 3x + 1690 dollars. Find the level of production for which the average cost is at a minimum and determine the average cost and marginal cost at that level of production.
The level of production for which the average cost is at a minimum is x =
|tons.
Transcribed Image Text:A sugar refinery can produce x tons of sugar per week at a weekly cost of 0.1x2 + 3x + 1690 dollars. Find the level of production for which the average cost is at a minimum and determine the average cost and marginal cost at that level of production. The level of production for which the average cost is at a minimum is x = |tons.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Knowledge Booster
Area
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, calculus and related others by exploring similar questions and additional content below.
Recommended textbooks for you
College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
College Algebra
College Algebra
Algebra
ISBN:
9781938168383
Author:
Jay Abramson
Publisher:
OpenStax
Algebra and Trigonometry (MindTap Course List)
Algebra and Trigonometry (MindTap Course List)
Algebra
ISBN:
9781305071742
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning