Assume that C(x) is in dollars and x is the number of units produced and sold. For the total-cost function C(x)=0.01x² +0.4x + 50, find AC and C'(x) when x = 60 and Ax = 1. AC $ (Simplify your answer. Type an integer or decimal rounded to two decimal places as needed) C'(x) when x= 60 is $ per unit

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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Assume that C(x) is in dollars and x is the number of units produced and sold. For the total-cost function
C(x)=0.01x² +0.4x + 50, find AC and C'(x) when x = 60 and Ax = 1.
AC $
(Simplify your answer. Type an integer or decimal rounded to two decimal places as needed)
C'(x) when x= 60 is $
(Type an integer or a decimal)
per unit
Transcribed Image Text:Assume that C(x) is in dollars and x is the number of units produced and sold. For the total-cost function C(x)=0.01x² +0.4x + 50, find AC and C'(x) when x = 60 and Ax = 1. AC $ (Simplify your answer. Type an integer or decimal rounded to two decimal places as needed) C'(x) when x= 60 is $ (Type an integer or a decimal) per unit
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