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Introduction to Calculus in Economics: Calculus is a powerful tool used in economics. One oi the inilial applications areas is the study of a rm,
Introduction to Calculus in Economics: Calculus is a powerful tool used in economics. One oi the inilial applications areas is the study of a rm, a topic in microeconomics. An important lunction is the cost lunction function G {2]. the cost of producing 2: items {of whatever they are selling]. This question deals Wi'l just the cost function C {2}. Problem Set question: The cost, in dollars, of producing :: units ofa certain item is given by 0(1): 1525153 I. Find the production level that minimizes the average cost per unit. The number ofunits that minimizes the average cost is Number
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