Explanation Let A ( x ) = C ( x ) x A ' ( x 0 ) = x 0 C ' ( x 0 ) − C ( x 0 ) x 0 2 = 0 x 0 C ' ( x 0 ) − C ( x 0 ) = 0 A ( x 0 ) = C ' To determine b) To find the line through ( 0 , 0 ) and ( x 0 , C ( x 0 ) ) is tangent to the graph of C.

4th Edition

ISBN: 9781319050733

Author: Rogawski

Publisher: MAC HIGHER

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Question

Chapter 4.4, Problem 64E

To determine

a)

To find out the average cost A(x)=C(x)x is minimized at the production level x0 such that average cost equals marginal cost.

To determine

b)

To find the line through (0,0) and (x0,C(x0)) is tangent to the graph of C.

Expert Solution & Answer

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Chapter 4.4, Problem 63E

Chapter 4.4, Problem 65E

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Chapter 4 Solutions

CALCULUS (CLOTH)

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a) To find out the average cost A ( x ) = C ( x ) x is minimized at the production level x 0 such that average cost equals marginal cost.

Solution Summary: The author explains how the average cost is minimized at the production level x_0 such that average costs equals marginal costs.

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a)

To find out the average cost A(x)=C(x)x is minimized at the production level x0 such that average cost equals marginal cost.

b)

To find the line through (0,0) and (x0,C(x0)) is tangent to the graph of C.

Want to see the full answer?

Chapter 4 Solutions

a) To find out the average cost A ( x ) = C ( x ) x is minimized at the production level x 0 such that average cost equals marginal cost.

Solution Summary: The author explains how the average cost is minimized at the production level x_0 such that average costs equals marginal costs.

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a) To find out the average cost A(x)=C(x)x is minimized at the production level x0 such that average cost equals marginal cost.

b) To find the line through (0,0) and (x0,C(x0)) is tangent to the graph of C.

Want to see the full answer?

Chapter 4 Solutions

a)

To find out the average cost A(x)=C(x)x is minimized at the production level x0 such that average cost equals marginal cost.

b)

To find the line through (0,0) and (x0,C(x0)) is tangent to the graph of C.