A sugar refinery can produce x tons of sugar per week at a weekly cost of .1x
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A sugar refinery can produce x tons of sugar per week at a weekly cost of .1x2 + 5x + 2250 dollars. Find the level of production for which the average cost is at a minimum and show that the average cost equals the marginal cost at that level of production.
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Let ACx be the average cost of producing x units and let Cx be the tota...View the full answer
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Related Book For
Calculus And Its Applications
ISBN: 9780134437774
14th Edition
Authors: Larry Goldstein, David Lay, David Schneider, Nakhle Asmar
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