The average cost of production per unit q is described by the function 350000 + 0.25q + 7500 Where c is the average cost stated in dollars. a) Determine how many units q should be produced in order to minimize the average cost per unit? b) What is the minimum average cost per unit? c) What is the total cost of production at this level of output?

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter3: Functions And Graphs
Section: Chapter Questions
Problem 16T
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4. The average cost of production per unit q is described by the function
350000
+ 0.25q + 7500
Where c is the average cost stated in dollars.
a) Determine how many units q should be produced in order to minimize
the average cost per unit?
b) What is the minimum average cost per unit?
c) What is the total cost of production at this level of output?
Total cost C = cq
Transcribed Image Text:4. The average cost of production per unit q is described by the function 350000 + 0.25q + 7500 Where c is the average cost stated in dollars. a) Determine how many units q should be produced in order to minimize the average cost per unit? b) What is the minimum average cost per unit? c) What is the total cost of production at this level of output? Total cost C = cq
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