Question
An express train runs between two cities has a cost function that is estimated by TC = 100P - 64P 2 + 4P3 Where P
An express train runs between two cities has a cost function that is estimated by
TC = 100P - 64P
2
+ 4P3
Where P indicates the number of passengers per day. Find the number of passengers per
day that minimizes the average cost.
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Intermediate Microeconomics
Authors: Hal R. Varian
8th edition
393934241, 978-0393934243
