Assume that it costs a company approximately C(x) = 529,000 + 160x + 0.001x2 dollars to manufacture x units of a device in an hour at one of their manufacturing centers. How many devices should be manufactured each hour to minimize average cos units What is the resulting average cost of a device? How does the average cost compare with the marginal cost at the optimal production level? Find how much they differ.
Assume that it costs a company approximately C(x) = 529,000 + 160x + 0.001x2 dollars to manufacture x units of a device in an hour at one of their manufacturing centers. How many devices should be manufactured each hour to minimize average cos units What is the resulting average cost of a device? How does the average cost compare with the marginal cost at the optimal production level? Find how much they differ.
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter7: Analytic Trigonometry
Section7.6: The Inverse Trigonometric Functions
Problem 94E
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![Assume that it costs a company approximately
C(x) = 529,000 + 160x + 0.001x2
dollars to manufacture x units of a device in an hour at one of their manufacturing centers. How many devices should be manufactured each hour to minimize average cost?
units
What is the resulting average cost of a device?
$
How does the average cost compare with the marginal cost at the optimal production level? Find how much they differ.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F225b3ea5-1600-4908-aa63-c458fb6867ea%2F4bd6d916-889c-4353-ae04-f8120093da38%2Freuw7ib_processed.png&w=3840&q=75)
Transcribed Image Text:Assume that it costs a company approximately
C(x) = 529,000 + 160x + 0.001x2
dollars to manufacture x units of a device in an hour at one of their manufacturing centers. How many devices should be manufactured each hour to minimize average cost?
units
What is the resulting average cost of a device?
$
How does the average cost compare with the marginal cost at the optimal production level? Find how much they differ.
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