Question: The total cost function for a product is() = 300 + 50 + 0.04^2 a. What is the average cost function? b. At what x

The total cost function for a product is() = 300 + 50 + 0.04^2

a. What is the average cost function?

b. At what x is average cost minimized?

c. Prove that this is the minimum.

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