The total cost of producing x units of a certain commodity is C(x) thousand dollars, where C(x)

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The total cost of producing x units of a certain commodity is C(x) thousand dollars, where C(x) = x3 − 20x2 + 179x + 242


a. Find A(x), where


image


is the average cost function.


b. For what values of x is A(x) increasing? For what values is it decreasing?


c. For what level of production x is average cost minimized? What is the minimum average cost?

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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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