For the cost function C(x)=25+13x+x2, show that average costs are minimized at the x-value where C(x)=MC
Question:
For the cost function C(x)=25+13x+x2, show that average costs are minimized at the x-value where C̅(x)=M̅C̅
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (6 reviews)
C x 0 if xCx Cx 0 or Cx Cxx But Cxx Cx and C x ...View the full answer
Answered By
Ajeet Singh
Hi there! Are you looking for a committed, reliable, and enthusiastic tutor? Well, teaching and learning are more of a second nature to me, having been raised by parents who are both teachers. I have done plenty of studying and lots of learning on many exciting and challenging topics. All these experiences have influenced my decision to take on the teaching role in various capacities. As a tutor, I am looking forward to getting to understand your needs and helping you achieve your academic goals. I'm highly flexible and contactable. I am available to work on short notice since I only prefer to work with very small and select groups of students. Areas of interest: Business, accounting, Project management, sociology, technology, computers, English, linguistics, media, philosophy, political science, statistics, data science, Excel, psychology, art, history, health education, gender studies, cultural studies, ethics, religion. I am also decent with math(s) & Programming. If you have a project you think I can take on, please feel welcome to invite me, and I'm going to check it out!
5.00+
4+ Reviews
24+ Question Solved
Related Book For
Mathematical Applications for the Management Life and Social Sciences
ISBN: 978-1305108042
11th edition
Authors: Ronald J. Harshbarger, James J. Reynolds
Question Posted:
Students also viewed these Calculus questions
-
For the cost function C(x)=300+10x+0.03x2, show that average costs are minimized at the x-value where C(x)=MC
-
Show that (x2 + 1) / (x + 1) is O(x).
-
Show that the cost function c(w, y) of a competitive firm (example 2.31) is concave in input prices w.
-
Implement the method keys () for HashST.
-
Find the efficiency of a cycle consisting of two isobaric and two isothermal lines if the pressure varies n-fold and the absolute temperature n-fold within the cycle. The working substance is an...
-
What is at stake? Describe what you think is at stake with the issue of outsourcing ?
-
What is a descent group, and what is the difference between unilineal and bilateral descent?
-
(Inventory Errors) The net income per books of Adamson Company was determined without knowledge of the errors indicated below. Prepare a work sheet to show the adjusted net income figure for each of...
-
6. A thin rod with length L is placed along the y-axis as shown in the figure. The midpoint of the rod is at the origin. The rod has been given a non-uniform charge density given by = 4(y+d) y dq P...
-
A piece of string is connected between two adjacent houses to form a clothesline. The houses are separated by d = 22 m, and both ends of the string are the same height off the ground. A sweater is...
-
If the total cost function for a product is C(x)= (x+5)3 dollars, where x represents the number of hundreds of units produced, producing how many units will minimize average cost? Find the minimum...
-
The graphs in Problems 23 show total cost functions. For each problem: (a) Explain how to use the total cost graph to determine the level of production at which average cost is minimized. (b)...
-
Write a program in \(\mathrm{R}\) that simulates five samples of size \(n\) from a distribution \(F\), where \(n\) and \(F\) are specified below. For each sample compute a kernel density estimate of...
-
Kelvin Technologies owns $20 million in buildings, equipment, furniture, vehicles, cash and inventory. It owes its banks $10 million and has a loan from the Canadian Development Corporation for $3...
-
Jacklyn is awarded $4000 on August 16th, 2023 on a dept owned to her by Mr. Kale. Mr. kale paid the debt on December 14, 2023, with an interest rate of 5% as prescribed by the court. how The 5%...
-
Exide battery sales has recorded the following monthly sales for past 4 months. Calculate the 3-month SMA for month 5.
-
Burlington Manufacturing has calculated its earnings per share as $1.25. If the corporation has 500,000 shares outstanding, what is the amount of after-tax income?
-
PwC has settled a lawsuit brought against it over one of the biggest bank collapses in US history, in a landmark case that shone a light on the responsibility of auditors to detect fraud. The worlds...
-
What procedures does IFRS require when translating the foreign currency financial statements of a foreign operation located in a hyperinflationary economy?
-
Explain the buyers position in a typical negotiation for a business. Explain the sellers position. What tips would you offer a buyer about to begin negotiating the purchase of a business?
-
If a ball is thrown into the air with a velocity of 40 ft/s, its height in feet after seconds is given by y = 40t - 16t2. (a) Find the average velocity for the time period beginning when t = 2 and...
-
If an arrow is shot upward on the moon with a velocity of 58 m/s, its height in meters after seconds is given by h = 58t - 0.83t2. (a) Find the average velocity over the given time intervals: (i) [1,...
-
The displacement (in feet) of a certain particle moving in a straight line is given by s = t3/6, where is measured in seconds. (a) Find the average velocity over the following time periods: (i) [1,...
-
Find 7e dx + C
-
Explain the differences between containerization and virtualization. What are the benefits and limitations of each approach in terms of resource isolation and scalability ?
-
Discuss common techniques used to optimize operating system performance. How do profiling, caching, and load balancing play a role in improving system efficiency ?
Study smarter with the SolutionInn App