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7. Suppose the total monthly cost of manufacturing q packs of bathroom paper is given by C(q) = 0.5q2 - 50q + 15000, in dollars.
7. Suppose the total monthly cost of manufacturing q packs of bathroom paper is given by C(q) = 0.5q2 - 50q + 15000, in dollars. DISTR (a) Find the average cost function. (b) How many packs need to be manufactured to result in the smallest average cost? (c) Find the number of packs for which the average cost is equal to the marginal cost. (d) What can you deduce from your results? Summarize your findings in parts b) and c) with one sentence
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