Assume that it costs a manufacturer approximatelyC(x) = 1,200,500 + 340x + 0.0005x2%3Ddollars to manufacture x gaming systems in an hour. How many gaming systems should be manufactured each hour to minimize average cost?gaming systems per hourWhat is the resulting average cost of a gaming system?$If fewer than the optimal number are manufactured per hour, will the marginal cost be larger, smaller, or equal to the average cost at that lower production level?The marginal cost will be larger than average cost.The marginal cost will be smaller than average cost.O The marginal cost will be equal to average cost.O O O%24

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Description: Assume that it costs a manufacturer approximatelyC(x) = 1,200,500 + 340x + 0.0005x2%3Ddollars to manufacture x gaming systems in an hour. How many gaming systems should be manufactured each hour to minimize average cost?gaming systems per hourWhat i

(a) The cost function is Cx=1200500+340x+0.0005x2. The average cost function is Cx=Cxx. That is,…

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Assume that it costs a manufacturer approximately C(x) = 1,200,500 + 340x + 0.0005x² dollars to manufacture x gaming systems in an hour. How many gaming systems should be manufactured each hour to minimize average cost? gaming systems per hour What is the resulting average cost of a gaming system? 2$ If fewer than the optimal number are manufactured per hour, will the marginal cost be larger, smaller, or equal to the average cost at that lower production level? O The marginal cost will be larger than average cost. O The marginal cost will be smaller than average cost. The marginal cost will be equal to average cost.

Assume that it costs a manufacturer approximately C(x) = 1,200,500 + 340x + 0.0005x² dollars to manufacture x gaming systems in an hour. How many gaming systems should be manufactured each hour to minimize average cost? gaming systems per hour What is the resulting average cost of a gaming system? 2$ If fewer than the optimal number are manufactured per hour, will the marginal cost be larger, smaller, or equal to the average cost at that lower production level? O The marginal cost will be larger than average cost. O The marginal cost will be smaller than average cost. The marginal cost will be equal to average cost.

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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Question

Assume that it costs a manufacturer approximately
C(x) = 1,200,500 + 340x + 0.0005x2
%3D
dollars to manufacture x gaming systems in an hour. How many gaming systems should be manufactured each hour to minimize average cost?
gaming systems per hour
What is the resulting average cost of a gaming system?
$
If fewer than the optimal number are manufactured per hour, will the marginal cost be larger, smaller, or equal to the average cost at that lower production level?
The marginal cost will be larger than average cost.
The marginal cost will be smaller than average cost.
O The marginal cost will be equal to average cost.
O O O
%24

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ISBN:

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Erwin Kreyszig

Publisher:

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