Question: For the cost function C(x)=300+10x+0.03x2, show that average costs are minimized at the x-value where C(x)=MC

For the cost function C(x)=300+10x+0.03x2, show that average costs are minimized at the x-value where

C̅(x)=M̅C̅

Step by Step Solution

3.40 Rating (163 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Cx 300 10x 003x 2 Cx ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

1386-M-C-L-A-D(4087).docx

120 KBs Word File

Students Have Also Explored These Related Calculus Questions!