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For the given cost functionC(x)=19600+500x+x 2 find: 1: The average cost at the production level 1000 2: The marginal cost at the production level 1000
For the given cost functionC(x)=19600+500x+x2 find:
1: The average cost at the production level 1000
2: The marginal cost at the production level 1000
3: The production level that will minimize the average cost
4: The minimal average cost
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