Figure 4.65 shows cost with q = 10,000 marked. (a) Find the average cost when the production

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Figure 4.65 shows cost with q = 10,000 marked.
(a) Find the average cost when the production level is 10,000 units and interpret it.
(b) Represent your answer to part (a) graphically.
(c) At approximately what production level is average cost minimized?

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Applied Calculus

ISBN: 9781119275565

6th Edition

Authors: Deborah Hughes Hallett, Patti Frazer Lock, Andrew M. Gleason, Daniel E. Flath, Sheldon P. Gordon, David O. Lomen, David Lovelock, William G. McCallum, Brad G. Osgood, Andrew Pasquale

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