Question: If the total cost function for producing x lamps is C ( x ) = 2880 + 37 x + 0.8 x 2 dollars, producing
If the total cost function for producing x lamps is
C(x) = 2880 + 37x + 0.8x2
dollars, producing how many units, x, will result in a minimum average cost per unit?
Find the minimum average cost per unit.
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
