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Determine the average cost function C(x)=C(x)/x. To find where the average cost is smallest, first calculate C(x), the derivative of the average cost function. Then
Determine the average cost function C(x)=C(x)/x. To find where the average cost is smallest, first calculate C(x), the derivative of the average cost function. Then use a graphing calculator to find where the derivative is 0. Check your work by finding the minimum from the graph of the function Upper C(x).
C(x)=1/2x^3+5x^23x+40
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