Let C(x) = (1>10)x 2 + 5x + 300. Show that E c (50) < 1. (Hence,
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Let C(x) = (1>10)x2 + 5x + 300. Show that Ec (50) < 1. (Hence, when 50 units are produced, a small relative increase in production results in an even smaller relative increase in total cost. Also, the average cost of producing 50 units is greater than the marginal cost at x = 50.)
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Related Book For
Calculus And Its Applications
ISBN: 9780134437774
14th Edition
Authors: Larry Goldstein, David Lay, David Schneider, Nakhle Asmar
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