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IfC(x) is the cost of producingxunits of a commodity, then the average cost per unit isc(x) =C(x)/x. Consider the cost functionC(x) given below. (Round your
IfC(x) is the cost of producingxunits of a commodity, then the average cost per unit isc(x) =C(x)/x. Consider the cost functionC(x) given below. (Round your answers to the nearest cent.)C(x) =2,000+190x+4x3/2
(a) Find the total cost at a production level of 1000 units.
$
(b) Find the average cost at a production level of 1000 units.
$per unit
(c) Find the marginal cost at a production level of 1000 units.
$per unit
(d) Find the production level that will minimize the average cost.
units
(e) What is the minimum average cost?
$per unit
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