Suppose that the cost function for a product is given by C(x) = 0.003x³ +8x+11,440. Find the production level (i.e., value of x) that will produce the minimum average cost per unit C(x). The production level that produces the minimum average cost per unit is x = (Round to the nearest whole number as needed.)

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter4: Rational Functions And Conics
Section4.2: Graphs Of Rational Functions
Problem 88E
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Suppose that the cost function for a product is given by C(x)=0.003x³ +8x+11,440. Find the production level (i.e., value of x) that will produce the minimum
average cost per unit C(x).
The production level that produces the minimum average cost per unit is x =
(Round to the nearest whole number as needed.)
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nd Quizzes
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Transcribed Image Text:> Suppose that the cost function for a product is given by C(x)=0.003x³ +8x+11,440. Find the production level (i.e., value of x) that will produce the minimum average cost per unit C(x). The production level that produces the minimum average cost per unit is x = (Round to the nearest whole number as needed.) Sample Lests nd Quizzes O Next
Suppose that the cost function for a product is given by C(x)=0.003x³ +8x+11,440. Find the production level (i.e., value of x) that will produce the minimum
average cost per unit C(x).
The production level that produces the minimum average cost per unit is x =
(Round to the nearest whole number as needed.)
na Quizzes
O
Next
Transcribed Image Text:Suppose that the cost function for a product is given by C(x)=0.003x³ +8x+11,440. Find the production level (i.e., value of x) that will produce the minimum average cost per unit C(x). The production level that produces the minimum average cost per unit is x = (Round to the nearest whole number as needed.) na Quizzes O Next
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