Suppose that the total cost function, in dollars, for a certain commodity is given by C(x) =

Question:

Suppose that the total cost function, in dollars, for a certain commodity is given by

C(x) = 40,500 + 190x + 0.2x2

where x is the number of units produced.

(a) Find the instantaneous rate of change of the average Cost

for any level of production.
(b) Find the level of production where this rate of change equals zero.
(c) At the value found in part (b), find the instantaneous rate of change of cost and find the average cost. What do you notice?

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Mathematical Applications for the Management Life and Social Sciences

ISBN: 978-1305108042

11th edition

Authors: Ronald J. Harshbarger, James J. Reynolds

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Question Posted: Feb 09, 2018 06:34 AM

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Suppose that the total cost function, in dollars, for a certain commodity is given by C(x) =

Question:

40,500 ·+ 190 + 0.2x

Step by Step Answer:

a 40500x 1 190 0...View the full answer

Mathematical Applications for the Management Life and Social Sciences

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