Question
Marginal Analysis: A manufacturer estimates that if x units of a particular are produced, the total cost will be C(x) dollars, where C(x)=x 3 -24x
Marginal Analysis: A manufacturer estimates that if x units of a particular are produced, the total cost will be C(x) dollars, where
C(x)=x3-24x2+350x+338
a. At what level of production will the marginal cost C'(x) be minimized?
b. At what level of production will the average cost A(x)=C(x)/x be minimized
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Essays In Economic Sociology
Authors: Max Weber, Richard Swedberg
1st Edition
0691218161, 9780691218168
