Question: For the given cost function C ( x ) = 5 4 x 2 + x 2 1 2 5 0 0 0 find a
For the given cost function find
a The cost at the production level
b The average cost at the production level
c The marginal cost at the production level
d The production level that will minimize the average cost.
e The minimal average cost.
Give answers to at least decimal places.
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