Suppose that the (total) cost of producing x units of a product is C(x) = x 3
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Suppose that the (total) cost of producing x units of a product is C(x) = x3 −6x2 + 15x. Find the number of units for which the average cost A(x) is a minimum. Verify that for this number of units the minimum average cost equals the marginal cost.
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A X x 6x15 Then Hence the ...View the full answer
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