Question: For the given cost function C(x)=72900+700x+x^2 find: a) The cost at the production level 1150____________ b) The average cost at the production level 1150_______________ c)

For the given cost function C(x)=72900+700x+x^2

find:

a) The cost at the production level 1150____________

b) The average cost at the production level 1150_______________

c) The marginal cost at the production level 1150_______________

d) The production level that will minimize the average cost______________

e) The minimal average cost_________

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock 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

Students Have Also Explored These Related Mathematics Questions!

Q:

Ling Corporation decided to acquire all of Huang Corporation's voting common stock on January 1, 2017. The purchase price consisted of $10,000 for the registering and issuing of 10,000 shares of Ling...

Q:

'Question1 1' 0/1 pt 0 3 99 For the given cost function C(x) = 57600 + 400x + + find: a) The cost at the production level 1900 b) The average cost at the production level 1900 c) The marginal cost at...

Q:

The traffic flow rate (cars per hour) across an intersection is r(t)=300+ 800-120, where t is in hours, and t=0 is 6am. How many cars pass through the intersection between 6 am and 7 am? cars

Q:

For the given cost function C x 250 give at least 3 decimal places a The cost when producing 1850 items x 3375 b The average cost when producing 1850 items c The marginal cost when producing 1850...

Q:

2 :n For the given cost function C(23) = 250 + 1000 find a] The cost at the production level 1600 :] b] The average cost at the production level 1600 ' ] c} The marginal cost at the production level...

Q:

For the given cost function C(x) = 44100+500 + a find: a) The cost at the production level 1950 b) The average cost at the production level 1950 c) The marginal cost at the production level 1950 d)...

Q:

All parts please 2 _ a: _ For the given cost function C(33) = 250\\/x + nd 15625 a) The cost at the production level 1500 b) The average cost at the production level 1500 E c) The marginal cost at...

Q:

$2 For the given cost function C(m) = l + m nd a) The cost at the production level 1500 :] b) The average cost at the production level 1500 :] c) The marginal cost at the production level 1500 :] d)...

Q:

Hello. Please help me solve these. Thank 1) A company manufactures and sells a: widgets per week. The weekly price-demand function is: p(m) = 23 2:. :1. Find the marginal revenue mction. R'(m) = :]...

Q:

How would I solve this? For the given cost function C(x) = 128vx + find 3375 a) The cost at the production level 1150 b) The average cost at the production level 1150 c) The marginal cost at the...

Q:

please help 20 Southern New Hampshire University - estion 6: (6 points) Introduction to Calculus in Economics (continued): In the previous Problem Set question, we started looking at the cost...

Q:

A certain model of remote-control Stanley garage door opener has ten binary (off/on) switches. The homeowner can set any code sequence. (a) How many separate codes can be programmed? Separate codes...

Q:

Let X be a distribution of claims as follows: Aggregate claims paid in the layer 300,000 1,800,000 1,900,000 Amount of individual Number of claims in claim the layer OSXS 1000 1000

Q:

What must be the current price of a bond with a 6 . 3 % coupon rate, annual coupons, $ 1 0 0 0 fice value, and 2 5 years to maturity if YTM is 8 . 2 % ? $ 9 5 2 . 3 9 $ 8 0 0 . 6 0 $ 1 1 1 0 . 7 4 $...

Q:

Problem 8 - 2 7 ( Algo ) Accounts receivable financing [ LO 8 - 1 ] Charming Paper Company sells to the 1 2 accounts IIsted here. \ table [ [ , \ table [ [ Receivable Balance ] , [ Outstanding ] ] ,...