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(8 points) ADTF Distributors begins to manufacture a new smart product, the IOON. Let x give the number of IOON produced in a given
(8 points) ADTF Distributors begins to manufacture a new smart product, the IOON. Let x give the number of IOON produced in a given cycle. The total cost in dollars is given by the function C(x) = 44100 + 600x+x. Complete the following. Round each dollar amount to the nearest cent (a) Using the given cost function, find the functions for average cost and marginal cost. C(x)=44100/x+600+x C'(x) = 600+2x (b) When 1500 IOON are produced, the total cost is $ per IOON This means, at that production level of 1500 IOON, the average cost is $ (c) Using the marginal cost, when 1500 IOON have been produced we estimate the cost of producing the 1501-st IOON will be $ (d) To minimize the average cost, ADTF Distributors should set their production level at IOON. (e) Using the production level from part (d), we see that ADTF Distributors' minimum average cost will be $ per IOON
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