Assume that it costs a company approximately C(x) = 625,000 + 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 co 210 X units What is the resulting average cost of a device? 24 How does the average cost compare with the marginal cost at the optimal production level? Find how much they differ. $ 210

Algebra and Trigonometry (MindTap Course List)
4th Edition
ISBN:9781305071742
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter2: Functions
Section2.4: Average Rate Of Change Of A Function
Problem 4.2E: bThe average rate of change of the linear function f(x)=3x+5 between any two points is ________.
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Assume that it costs a company approximately
C(x) = 625,000 + 160x + 0.001x2
%3D
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 co
210
X 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.
$210
Transcribed Image Text:Assume that it costs a company approximately C(x) = 625,000 + 160x + 0.001x2 %3D 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 co 210 X 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. $210
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