Question
A manufacturer estimates that when q thousand units of a particular commodity are produced each month, the total cost will be C(q) =0.4q 2 +3q+40
A manufacturer estimates that when q thousand units of a particular commodity are produced each month, the total cost will be C(q) =0.4q 2 +3q+40 thousand dollars, and all q units can be sold at a price of p(q)= 22.2 - 1.2q dollars per unit. At what level is the average cost per unit minimized?
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Using SPSS For Windows And Macintosh Analyzing And Understanding Data
Authors: Samuel B Green, Neil J Salkind
6th Edition
0205893074, 9780205893072
