Assume that it costs a company approximately C(x) = 529,000 + 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 cos units What is the resulting average cost of a device? 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) = 529,000 + 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 cos units What is the resulting average cost of a device? How does the average cost compare with the marginal cost at the optimal production level? Find how much they differ.

Name: Assume that it costs a company approximatelyC(x) = 529,000 + 160x + 0
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Description: Assume that it costs a company approximatelyC(x) = 529,000 + 160x + 0.001x2dollars 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?unitsW

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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