Chapter 10, Problem 14T

BuyFind*arrow_forward*

11th Edition

Ronald J. Harshbarger + 1 other

ISBN: 9781305108042

Textbook Problem

The cost of producing *x* units of a product is given by

How many units should be produced to minimize average cost?

To determine

**To calculate:** The number of units of the product to be produced to minimize average cost where the cost function is *x* is the number of units produced.

Explanation

**Given Information:**

The provided cost function is *x* is the number of units produced.

**Formula used:**

To find relative maxima and minima of a function,

1. Set the first derivative of the function to zero,

2. Substitute the critical values into

3. Calculate the sign of the function to the left and right of the critical values.

(a) If

(b) If

**Calculation:**

Consider the provided cost function is *x* is the number of units produced.

Divide the cost function by *x*, the number of units produced to obtain the average cost function.

Calculate the first derivative of the function

Set the first derivative equal to 0.

Solve for *x*.

Sect-10.1 P-1CPSect-10.1 P-2CPSect-10.1 P-3CPSect-10.1 P-4CPSect-10.1 P-1ESect-10.1 P-2ESect-10.1 P-3ESect-10.1 P-4ESect-10.1 P-5ESect-10.1 P-6E

Sect-10.1 P-7ESect-10.1 P-8ESect-10.1 P-9ESect-10.1 P-10ESect-10.1 P-11ESect-10.1 P-12ESect-10.1 P-13ESect-10.1 P-14ESect-10.1 P-15ESect-10.1 P-16ESect-10.1 P-17ESect-10.1 P-18ESect-10.1 P-19ESect-10.1 P-20ESect-10.1 P-21ESect-10.1 P-22ESect-10.1 P-23ESect-10.1 P-24ESect-10.1 P-25ESect-10.1 P-26ESect-10.1 P-27ESect-10.1 P-28ESect-10.1 P-29ESect-10.1 P-30ESect-10.1 P-31ESect-10.1 P-32ESect-10.1 P-33ESect-10.1 P-34ESect-10.1 P-35ESect-10.1 P-36ESect-10.1 P-37ESect-10.1 P-38ESect-10.1 P-39ESect-10.1 P-40ESect-10.1 P-41ESect-10.1 P-42ESect-10.1 P-43ESect-10.1 P-44ESect-10.1 P-45ESect-10.1 P-46ESect-10.1 P-47ESect-10.1 P-48ESect-10.1 P-49ESect-10.1 P-50ESect-10.1 P-51ESect-10.1 P-52ESect-10.1 P-53ESect-10.1 P-54ESect-10.1 P-55ESect-10.1 P-56ESect-10.1 P-57ESect-10.1 P-58ESect-10.1 P-59ESect-10.1 P-60ESect-10.1 P-61ESect-10.1 P-62ESect-10.1 P-63ESect-10.1 P-64ESect-10.1 P-65ESect-10.2 P-1CPSect-10.2 P-2CPSect-10.2 P-3CPSect-10.2 P-4CPSect-10.2 P-1ESect-10.2 P-2ESect-10.2 P-3ESect-10.2 P-4ESect-10.2 P-5ESect-10.2 P-6ESect-10.2 P-7ESect-10.2 P-8ESect-10.2 P-9ESect-10.2 P-10ESect-10.2 P-11ESect-10.2 P-12ESect-10.2 P-13ESect-10.2 P-14ESect-10.2 P-15ESect-10.2 P-16ESect-10.2 P-17ESect-10.2 P-18ESect-10.2 P-19ESect-10.2 P-20ESect-10.2 P-21ESect-10.2 P-22ESect-10.2 P-23ESect-10.2 P-24ESect-10.2 P-25ESect-10.2 P-26ESect-10.2 P-27ESect-10.2 P-28ESect-10.2 P-29ESect-10.2 P-30ESect-10.2 P-31ESect-10.2 P-32ESect-10.2 P-33ESect-10.2 P-34ESect-10.2 P-35ESect-10.2 P-36ESect-10.2 P-37ESect-10.2 P-38ESect-10.2 P-39ESect-10.3 P-1CPSect-10.3 P-2CPSect-10.3 P-3CPSect-10.3 P-4CPSect-10.3 P-1ESect-10.3 P-2ESect-10.3 P-3ESect-10.3 P-5ESect-10.3 P-6ESect-10.3 P-7ESect-10.3 P-8ESect-10.3 P-9ESect-10.3 P-10ESect-10.3 P-11ESect-10.3 P-12ESect-10.3 P-13ESect-10.3 P-14ESect-10.3 P-15ESect-10.3 P-16ESect-10.3 P-17ESect-10.3 P-18ESect-10.3 P-19ESect-10.3 P-20ESect-10.3 P-21ESect-10.3 P-22ESect-10.3 P-23ESect-10.3 P-24ESect-10.3 P-25ESect-10.3 P-26ESect-10.3 P-27ESect-10.3 P-28ESect-10.3 P-29ESect-10.3 P-30ESect-10.3 P-33ESect-10.3 P-34ESect-10.3 P-35ESect-10.3 P-36ESect-10.3 P-37ESect-10.3 P-38ESect-10.3 P-39ESect-10.3 P-40ESect-10.3 P-41ESect-10.3 P-42ESect-10.3 P-43ESect-10.3 P-47ESect-10.3 P-48ESect-10.3 P-49ESect-10.4 P-1CPSect-10.4 P-2CPSect-10.4 P-3CPSect-10.4 P-1ESect-10.4 P-2ESect-10.4 P-3ESect-10.4 P-4ESect-10.4 P-5ESect-10.4 P-6ESect-10.4 P-7ESect-10.4 P-8ESect-10.4 P-9ESect-10.4 P-10ESect-10.4 P-11ESect-10.4 P-12ESect-10.4 P-13ESect-10.4 P-14ESect-10.4 P-15ESect-10.4 P-16ESect-10.4 P-17ESect-10.4 P-18ESect-10.4 P-19ESect-10.4 P-20ESect-10.4 P-21ESect-10.4 P-22ESect-10.4 P-23ESect-10.4 P-24ESect-10.4 P-25ESect-10.4 P-26ESect-10.4 P-27ESect-10.4 P-28ESect-10.4 P-29ESect-10.4 P-30ESect-10.4 P-31ESect-10.4 P-32ESect-10.4 P-33ESect-10.5 P-1CPSect-10.5 P-2CPSect-10.5 P-1ESect-10.5 P-2ESect-10.5 P-3ESect-10.5 P-4ESect-10.5 P-5ESect-10.5 P-6ESect-10.5 P-7ESect-10.5 P-8ESect-10.5 P-9ESect-10.5 P-10ESect-10.5 P-11ESect-10.5 P-12ESect-10.5 P-13ESect-10.5 P-14ESect-10.5 P-15ESect-10.5 P-16ESect-10.5 P-17ESect-10.5 P-18ESect-10.5 P-19ESect-10.5 P-20ESect-10.5 P-21ESect-10.5 P-22ESect-10.5 P-23ESect-10.5 P-24ESect-10.5 P-25ESect-10.5 P-26ESect-10.5 P-27ESect-10.5 P-28ESect-10.5 P-29ESect-10.5 P-30ESect-10.5 P-31ESect-10.5 P-32ESect-10.5 P-33ESect-10.5 P-34ESect-10.5 P-35ESect-10.5 P-36ESect-10.5 P-37ESect-10.5 P-38ESect-10.5 P-39ESect-10.5 P-40ESect-10.5 P-41ESect-10.5 P-42ESect-10.5 P-43ECh-10 P-1RECh-10 P-2RECh-10 P-3RECh-10 P-4RECh-10 P-5RECh-10 P-6RECh-10 P-7RECh-10 P-8RECh-10 P-9RECh-10 P-10RECh-10 P-11RECh-10 P-12RECh-10 P-13RECh-10 P-14RECh-10 P-15RECh-10 P-16RECh-10 P-17RECh-10 P-18RECh-10 P-19RECh-10 P-20RECh-10 P-21RECh-10 P-22RECh-10 P-23RECh-10 P-24RECh-10 P-25RECh-10 P-26RECh-10 P-27RECh-10 P-28RECh-10 P-29RECh-10 P-30RECh-10 P-31RECh-10 P-32RECh-10 P-33RECh-10 P-34RECh-10 P-35RECh-10 P-36RECh-10 P-37RECh-10 P-38RECh-10 P-39RECh-10 P-40RECh-10 P-41RECh-10 P-42RECh-10 P-43RECh-10 P-44RECh-10 P-45RECh-10 P-46RECh-10 P-47RECh-10 P-48RECh-10 P-49RECh-10 P-50RECh-10 P-51RECh-10 P-52RECh-10 P-53RECh-10 P-54RECh-10 P-55RECh-10 P-1TCh-10 P-2TCh-10 P-3TCh-10 P-4TCh-10 P-5TCh-10 P-6TCh-10 P-7TCh-10 P-8TCh-10 P-9TCh-10 P-10TCh-10 P-11TCh-10 P-12TCh-10 P-13TCh-10 P-14TCh-10 P-15TCh-10 P-16TCh-10 P-17T

Finite Mathematics

Calculus: An Applied Approach (MindTap Course List)

Understanding Basic Statistics

Single Variable Calculus

Calculus (MindTap Course List)

Applied Calculus for the Managerial, Life, and Social Sciences: A Brief Approach

Statistics for The Behavioral Sciences (MindTap Course List)

Multivariable Calculus

Single Variable Calculus: Early Transcendentals, Volume I

Calculus: Early Transcendentals

Essentials Of Statistics

Probability and Statistics for Engineering and the Sciences

Essentials of Statistics for The Behavioral Sciences (MindTap Course List)

Finite Mathematics and Applied Calculus (MindTap Course List)

Calculus: Early Transcendental Functions

Applied Calculus

Intermediate Algebra

Precalculus: Mathematics for Calculus (Standalone Book)

Elementary Technical Mathematics

Mathematical Excursions (MindTap Course List)

Elementary Geometry For College Students, 7e

Elements Of Modern Algebra

Contemporary Mathematics for Business & Consumers

Trigonometry (MindTap Course List)

Finite Mathematics for the Managerial, Life, and Social Sciences

Calculus: Early Transcendental Functions (MindTap Course List)

Calculus of a Single Variable

Elementary Geometry for College Students

Single Variable Calculus: Early Transcendentals

Study Guide for Stewart's Multivariable Calculus, 8th

Study Guide for Stewart's Single Variable Calculus: Early Transcendentals, 8th

Introduction To Statistics And Data Analysis

Mathematics For Machine Technology

Multivariable Calculus

Research Methods for the Behavioral Sciences (MindTap Course List)

Calculus (MindTap Course List)

College Algebra (MindTap Course List)

Statistics for Business & Economics, Revised (MindTap Course List)

Research Methods for the Behavioral Sciences (MindTap Course List)

STATISTICS F/BUSINESS+ECONOMICS-TEXT