For the given cost function C(z)= 54/+ find 343000 a) The cost at the production level 1850 b) The average cost at the production level 1850 C) The marginal cost at the production level 1850

Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
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ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
Publisher:Bruce Crauder, Benny Evans, Alan Noell
ChapterA: Appendix
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For the given cost function C(z) = 54,/ +
find
343000
a) The cost at the production level 1850
b) The average cost at the production level 1850
C) The marginal cost at the production level 1850
d) The production level that will minimize the average cost.
e) The minimal average cost.
Give answers to at least 3 decimal places.
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Transcribed Image Text:For the given cost function C(z) = 54,/ + find 343000 a) The cost at the production level 1850 b) The average cost at the production level 1850 C) The marginal cost at the production level 1850 d) The production level that will minimize the average cost. e) The minimal average cost. Give answers to at least 3 decimal places. Question Help: DVideo Submit Question Type here to search
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