Suppose a Manufacturer Has Determined That the Total Cost C $C = 0.6 x ^ { 2 } + 14 x + 54,000$

question 81

Multiple Choice

Suppose a manufacturer has determined that the total cost C of operating a factory is $C = 0.6 x ^ { 2 } + 14 x + 54,000$ where $x$ is the number of units produced. At what level of production will the average cost per unit be minimized? (The average cost per unit is $\mathrm { C } / x$ .)

• A) \(x = 300\) units
• B) \(x = 330\) units
• C) \(x = 30\) units
• D) \(x = 60\) units
• E) \(x = 600\) units

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Definitions:

Forgetting

The loss or decline of memory over time, which can occur due to various factors including the passage of time, interference, or failure to store information effectively.

Replacement

The act of substituting one thing for another, often to improve or repair.

Cue-dependent

Refers to the phenomenon where recall of information is improved when retrieval conditions are similar to the conditions under which the information was encoded.

Cognitive Development

The process of growth and change in intellectual capabilities that occurs from infancy to adulthood, influencing how individuals perceive and interact with the world.