Exercise 3. A falafel vendor wants to minimize the average cost of selling his falafel. He determines that his daily cost is C(r) = 0.012+0.05z + 16 dollars when selling r orders of falafel. What level of sales will minimize his average cost? (Hint. The domain of the average cost function is (0, o0). You will need the Critical Point Theorem to fully justify why your answer leads to the minimum.)
Exercise 3. A falafel vendor wants to minimize the average cost of selling his falafel. He determines that his daily cost is C(r) = 0.012+0.05z + 16 dollars when selling r orders of falafel. What level of sales will minimize his average cost? (Hint. The domain of the average cost function is (0, o0). You will need the Critical Point Theorem to fully justify why your answer leads to the minimum.)
Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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