The graph shows the total cost C(x) to produce x tons of cement. (Recall that average cost
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The graph shows the total cost C(x) to produce x tons of cement. (Recall that average cost is given by total cost divided by the number produced, or C(x) = C(x)/x.)
(a) Find the value of x for which the average cost is smallest.
(b) What can you say about the marginal cost at the point where the average cost is smallest?
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