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Minimizing Average Cost The total monthly cost (in dollars) incurred by a certain guitar manufacturer in manufacturing x units of is Professional Series guitars is
Minimizing Average Cost The total monthly cost (in dollars) incurred by a certain guitar manufacturer in manufacturing x units of is Professional Series guitars is given by the function C(X) = 0.001x2 + 150x + 2250. (a) Find the average cost function E. E: (b) Determine the production level that will result in the smallest average production cost. x
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