The cost of producing x wheeled picnic coolers is given by C(x) = 200 + 50x -

Question:

The cost of producing x wheeled picnic coolers is given by

C(x) = 200 + 50x - 50 ln x  x ≥ 1

Find the minimum average cost.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

College Mathematics For Business Economics, Life Sciences, And Social Sciences

ISBN: 978-0134674148

14th Edition

Authors: Raymond Barnett, Michael Ziegler, Karl Byleen, Christopher Stocker

Question Posted: