Good Day,Kindly assist me with the following query. Any assistance would be appreciated.Regards, 3. Given Flow's Total Cost function:TC(x) = 2x366x² + 576x + 1000Use the first and second derivative principles to determine the level of output (in thousand) atwhich the firm's cost is minimized.

Steps and explanations are as follows:In case of any doubt, please let me know. Thank you.

Answered: 3. Given Flow's Total Cost function:…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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3. Given Flow's Total Cost function: TC(x) = 2x366x² + 576x + 1000 Use the first and second derivative principles to determine the level of output (in thousand) at which the firm's cost is minimized.