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
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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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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