Suppose that the (total) cost of producing x units of a product is C(x) = x 3
Question:
Suppose that the (total) cost of producing x units of a product is C(x) = x3 −6x2 + 15x. Find the number of units for which the average cost A(x) is a minimum. Verify that for this number of units the minimum average cost equals the marginal cost.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (9 reviews)
A X x 6x15 Then Hence the ...View the full answer
Answered By
Utsab mitra
I have the expertise to deliver these subjects to college and higher-level students. The services would involve only solving assignments, homework help, and others.
I have experience in delivering these subjects for the last 6 years on a freelancing basis in different companies around the globe. I am CMA certified and CGMA UK. I have professional experience of 18 years in the industry involved in the manufacturing company and IT implementation experience of over 12 years.
I have delivered this help to students effortlessly, which is essential to give the students a good grade in their studies.
3.50+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Mathematics questions
-
Suppose the total cost of producing x units of a product is given by C(x) = 4500 + 120x + 0.05x2 (a) Find any asymptotes of the average cost function C(x) = C(x)/x. (b) Graph the average cost...
-
1. Suppose that the total cost of producing and selling x units of a product is 300 + 4x and the total revenue from the sale of x units is 30x - 0.001 x2. Find the difference of these expressions...
-
Suppose that the total cost (in dollars) for a product is given by C(x) = 1500 + 200 ln (2x + 1) where x is the number of units produced. (a) Find the marginal cost function. (b) Find the marginal...
-
Kamloops Company is a grocery wholesaler and is planning to expand its operations. The company has asked the bank for a loan to finance the expansion. Alphonzo, the companys manager, has prepared the...
-
Pew Research Center surveyed adults who were 18 64 years old and had their own children under age 18 living in their household in 2011 on the amount of time spent on various activities. The results...
-
The following mass spectrum is for octane. a) Which peak represents the molecular ion? b) Which peak is the base peak? c) Draw the structure of the fragment that produces the base peak. 100 80 60 40...
-
Velocity ratio is the ratio of distance moved by _____ to distance moved by _____.
-
Spiffy Shades Corporation manufactures artistic frames for sunglasses. Talia Demarest, controller, is responsible for preparing the company's master budget. In compiling the budget data for 20x1,...
-
Why do managers struggle with ethics when it comes to making strategic management decisions for their organization?
-
Suppose that the (total) cost of producing x units is C(x) = x 3 15x 2 + 76x + 10 and that the demand function is p(x) = 55 3x. Find the number of units for which the profit will be a maximum.
-
Sketch the graphs of the following functions. Use all the information that you can obtain from studying the first and second derived functions of the functions.
-
Casper used the following assets in his Schedule C trade or business in the tax year 2017: Asset Date Purchased Date Sold Business Use Percentage Cost Computer 1 03/12/14 100% $3,000 Computer 2...
-
Estimate the limit lim ()
-
How do you intricately interlace the strands of autonomy, agency, and self-actualization into the tapestry of empowerment, crafting a narrative where individuals not only seize control of their...
-
Solve for w. (5w+4)(8w+ 3) = 0
-
Find whether x-iy f(z) = = is x+y2 analytic or not
-
Examine what type of financial information could have been used in the situation your classmate described?
-
How do home prices vary with square footage, age, and a variety of other factors? The Data and Story Library (DASL) contains data, including the sale price, for a random sample of 117 homes sold in...
-
If 2 5 9 - k 5 8 = 2 5 8 , what is the value of k?
-
Identify some possible confounds in each of the studies you outlined in your answers to exercises 2 and 3.
-
In a study, a researcher measures the preference of men and women for two brands of frozen pizza (one low-fat and one regular) based on the number of 1-inch pieces of each type of pizza eaten when...
-
If you find two significant main effects in a 2 6 factorial design, should you compute Tukeys post hoc comparisons for both main effects?
-
Sain Corp. has preferred stock that was issued 3 years ago. It currently offers a return of 7.2% and pays a dividend of $2.25 per share. What is the price on the preferred stock?
-
You purchased a 180 day T-bill with a face value of $100,000, 120 days after it was issued. The market yield when you purchased it was 3%. What was the price you paid for the T-bill? Price you paid...
-
You Invest $3000 by buying 100 shares of Driss Inc at a price of $30 per share. One year from now, Driss pays you a dividend of 40 cents per share. One year later (i.e. two years from now), you get...
Study smarter with the SolutionInn App