If the Total Cost for Producing X Units of a Particular

question 165

Essay

If the total cost for producing x units of a particular product is given by C(x), then the average cost of production those x units is given by $A ( x ) = \frac { C ( x ) } { x }$ (a) If our cost function is $C ( x ) = 15,000 + 100 x + 2 r ^ { 3 / 2 }$ , what value of x will result in the minimum average cost?
(b) What is the minimum average cost?

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