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

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 Accounting Questions!