Question: A cost function is given. (a) Find the average cost and marginal cost functions. (b) Use graphs of the functions in part (a) to estimate

A cost function is given.
(a) Find the average cost and marginal cost functions.
(b) Use graphs of the functions in part (a) to estimate the production level that minimizes the average cost.
(c) Use calculus to find the minimum average cost.
(d) Find the minimum value of the marginal cost.

9. C(x) = 3700 + 5x 0.04x + 0.0003x 10. C(x) = 339 + 25x - 0.09x + 0.0004x %3D

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