In Exercises 69 through 72, the cost C(x) of producing x units of a particular commodity is
Question:
In Exercises 69 through 72, the cost C(x) of producing x units of a particular commodity is given. In each case:
(a) Find the marginal cost C'(x).
(b) Determine the level of production x for which the average cost
is minimized.
C(x) = 100e0.01x
Transcribed Image Text:
A(x) = C(x) X
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a b Ax 0 when x 100 f...View the full answer
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Related Book For
Calculus For Business, Economics And The Social And Life Sciences
ISBN: 9780073532387
11th Brief Edition
Authors: Laurence Hoffmann, Gerald Bradley, David Sobecki, Michael Price
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