Question: If C ( x ) is the cost ef producing x units of a commodity, then the average cest per unt is of x =
If is the cost ef producing units of a commodity, then the average cest per unt is of Consifer she cost fonction given below. Round your answers to the nearest cant.
a Find the total cost in dellars at a production level of units.
b Find the average cost in dollars per unit at a production level of unis.
per unit
c Find the marginal cost in dottars per unit at a production level of units.
per unit
d Find the production level in units that will minimize the average cost.
units
e What is the minimum average cout in dollars per unit
per unit
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
