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A manufacturer has determined that, for a certain product, the average cost (in dollars per unit) is given by _ c = 2 / 3
A manufacturer has determined that, for a certain product, the average cost (in dollars per unit) is given by
_
c = 2 / 3 * q^2 - 42q + 228 + 210 / q
where 3 (less than or equal to) q
a.) at what level within the interval [3, 12] should production be fixed in order to minimize total cost? What is the minimum total cost?
b.) if production were required to lie within the interval [7,12] what value of q would minimize total cost?
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