In Exercises, determine the average cost function C(x) = C(x)/x. To find where the average cost is
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In Exercises, determine the average cost function C(x) = C(x)/x. To find where the average cost is smallest, first calculate C'(x), the derivative of the average cost function. Then use a graphing calculator to find where the derivative is 0. Check your work by finding the minimum from the graph of the function C(x).
C(x) = 10 + 20x1/2 + 16x3/2
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Cx 10 20x 12 16x 32 The average cost function is Then Ax 10x ...View the full answer
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