The average cost of production per unit q is described by the function c = 350000 q + 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

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter7: Analytic Trigonometry
Section7.6: The Inverse Trigonometric Functions
Problem 94E
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The average cost of production per unit q is described by the function
c =
350000
q
+ 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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