The total cost of producing x units of a particular commodity is C thousand dollars, where C(x)
Question:
The total cost of producing x units of a particular commodity is C thousand dollars, where C(x) = 3x2 + x + 48, and the average cost is
a. Find all vertical and horizontal asymptotes of the graph of A(x).
b. Note that as x gets larger and larger, the term 48/x in A(x) gets smaller and smaller. What does this say about the relationship between the average cost curve y = A(x) and the line y = 3x + 1?
c. Sketch the graph of A(x), incorporating the result of part (b) in your sketch.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
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
Question Posted: