Assume that it costs a company approximately C(x) = 484,000 + 160x + 0.001x2 dollars to manufacture x units of a device in an hour at one of their manufacturing centers. How many devices should be manufactured each hour to minimize average cost? units What is the resulting average cost of a device? 2$ How does the average cost compare with the marginal cost at the optimal production level? Find how much they differ.
Assume that it costs a company approximately C(x) = 484,000 + 160x + 0.001x2 dollars to manufacture x units of a device in an hour at one of their manufacturing centers. How many devices should be manufactured each hour to minimize average cost? units What is the resulting average cost of a device? 2$ How does the average cost compare with the marginal cost at the optimal production level? Find how much they differ.
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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