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Mathematics, 07.11.2019 00:31 mvtthewisdead
If c(x) is the cost of producing x units of a commodity, then the average cost per unit is c(x) = c(x)/x. consider the cost function c(x) given below. (round your answers to the nearest cent.)
c(x) = 54,000 + 240x + 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.
(c) find the marginal cost at a production level of 1000 units.
(d) find the production level that will minimize the average cost.
(e) what is the minimum average cost?
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