Suppose C(x) $c ( x ) = x ^ { 3 } - 16 x ^ { 2 } + 20,000 x$

question 41

Multiple Choice

Suppose c(x) $c ( x ) = x ^ { 3 } - 16 x ^ { 2 } + 20,000 x$ x is the cost of manufacturing x items. Find a production level that will minimize the average cost of making x items.

• A) 8 items
• B) 10 items
• C) 9 items
• D) 7 items

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Definitions:

Exporting Industry

An industry that primarily produces goods or services for consumption outside the domestic market.

Imported Good

A product or commodity that is brought into one country from another for sale or use.

Exported Good

A product produced domestically but sold to buyers in another country.

Free International Trade

Trade between countries without restrictions such as tariffs, quotas, or other barriers.