The total cost of producing a commodity is given by C = 60x^2 − 0.01x^3, where x is the number of units produced. Determine the value of x so that the average unit cost is maximum. a. 3,000 units b. 4,000 units c. 300 units d. 2,500 units e. 5,000 units f. 0 units

The total cost of producing a commodity is given by C = 60x^2 − 0.01x^3, where x is the number of units produced. Determine the value of x so that the average unit cost is maximum. a. 3,000 units b. 4,000 units c. 300 units d. 2,500 units e. 5,000 units f. 0 units

Calculus: Early Transcendentals

8th Edition

ISBN:9781285741550

Author:James Stewart

Publisher:James Stewart

Chapter1: Functions And Models

Section: Chapter Questions

Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...

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Question

The total cost of producing a commodity is given by C = 60x^2 − 0.01x^3, where x is the number
of units produced. Determine the value of x so that the average unit cost is maximum.
a. 3,000 units
b. 4,000 units

c. 300 units
d. 2,500 units

e. 5,000 units
f. 0 units

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