For the given cost function C(x) = 78400 + 700x + x², First, find the average cost function. Use it to find: a) The production level that will minimize the average cost x = b) The minimal average cost

College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter4: Polynomial And Rational Functions
Section4.1: Quadratic Functions
Problem 6SC: A company that makes and sells baseball caps has found that the total monthly cost C in dollars of...
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For the given cost function C(x) = 78400 + 700x + x²,
First, find the average cost function. Use it to find:
a) The production level that will minimize the average cost
X =
b) The minimal average cost
$
Transcribed Image Text:For the given cost function C(x) = 78400 + 700x + x², First, find the average cost function. Use it to find: a) The production level that will minimize the average cost X = b) The minimal average cost $
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