Suppose the total cost function for manufacturing a certain product C(x) is given by the function below, where C(x) is measured in dollars and x represents the number of units produced. Find the level of production (in units) that will minimize the average cost. (Round your answer to the nearest whole number.) C(x) = 0.2(0.01x2 + 59)
Suppose the total cost function for manufacturing a certain product C(x) is given by the function below, where C(x) is measured in dollars and x represents the number of units produced. Find the level of production (in units) that will minimize the average cost. (Round your answer to the nearest whole number.) C(x) = 0.2(0.01x2 + 59)
Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter9: Polynomial And Rational Functions
Section9.4: Graphing Polynomial Functions
Problem 44PS: A company determines that its weekly profit from manufacturing and selling x units of a certain item...
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Suppose the total cost function for manufacturing a certain product C(x) is given by the function below, where C(x) is measured in dollars and x represents the number of units produced. Find the level of production (in units) that will minimize the average cost. (Round your answer to the nearest whole number.)
C(x) = 0.2(0.01x2 + 59)
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