C(x) is the cost of producing x units of a commodity, then the average cost per unit is c(x) = C(x)/x. Consider the cost function C(x) given below C(x) = 24,000 + 150x + 6x3/2 (a) Find the total cost at a production level of 1000 units. (Round your answer to the nearest cent.) (b) Find the average cost at a production level of 1000 units. (Round your answer to the nearest cent.) per unit (c) Find the marginal cost at a production level of 1000 units. (Round your answer to the nearest cent.) $ per unit (d) Find the production level that will minimize the average cost. (Round your answer to the nearest whole number.) units (e) What is the minimum average cost? (Round your answer to the nearest dollar.) per unit
C(x) is the cost of producing x units of a commodity, then the average cost per unit is c(x) = C(x)/x. Consider the cost function C(x) given below C(x) = 24,000 + 150x + 6x3/2 (a) Find the total cost at a production level of 1000 units. (Round your answer to the nearest cent.) (b) Find the average cost at a production level of 1000 units. (Round your answer to the nearest cent.) per unit (c) Find the marginal cost at a production level of 1000 units. (Round your answer to the nearest cent.) $ per unit (d) Find the production level that will minimize the average cost. (Round your answer to the nearest whole number.) units (e) What is the minimum average cost? (Round your answer to the nearest dollar.) per unit
Chapter3: Functions
Section3.2: Domain And Range
Problem 61SE: The cost in dollars of making x items is given by the function Cx)=10x+500. a. The fixed cost is...
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