Assume that it costs a company approximately
C(x) = 576,000 + 160x + 0.001x2
dollars to...
Mathematics, 06.05.2020 06:15 mkpayton2006
Assume that it costs a company approximately
C(x) = 576,000 + 160x + 0.001x2
dollars to manufacture x units of a device in an hour at one of their manufacturing centers. How many devices should be manufactured each hour to minimize average cost? units
What is the resulting average cost of a device?
$
How does the average cost compare with the marginal cost at the optimal production level? Find how much they differ.
$
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