Average Cost A manufacturer has determined that the total cost C of operating a factory is C = 0.5x + 15x + 5000 where x is the number of units produced. At what level of production will the average cost per unit be minimized? (The average cost per unit is C/x.)

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter3: Polynomial Functions
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Ron Larson - Calculus 11th Edition

Section 3.4 - Concavity and the second derivative test

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Average Cost A manufacturer has determined that the
total cost C of operating a factory is
C = 0.5x + 15x + 5000
where x is the number of units produced. At what level of
production will the average cost per unit be minimized? (The
average cost per unit is C/x.)
Transcribed Image Text:Average Cost A manufacturer has determined that the total cost C of operating a factory is C = 0.5x + 15x + 5000 where x is the number of units produced. At what level of production will the average cost per unit be minimized? (The average cost per unit is C/x.)
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