For each cost function (given in dollars), find the cost, average cost, and marginal cost at a production level of 1000 units; the production level that will minimize the average cost; and the minimum average cost. C(q) = 8,000 + 320q − 0.3q2 + 0.0001q3 (a) the cost, average cost, and marginal cost at a production level of 1000 units (b) the production level that will minimize the average cost (Round your answer to the nearest integer.) units (c) the minimum average cost (Round your answer to two decimal places.)
For each cost function (given in dollars), find the cost, average cost, and marginal cost at a production level of 1000 units; the production level that will minimize the average cost; and the minimum average cost. C(q) = 8,000 + 320q − 0.3q2 + 0.0001q3 (a) the cost, average cost, and marginal cost at a production level of 1000 units (b) the production level that will minimize the average cost (Round your answer to the nearest integer.) units (c) the minimum average cost (Round your answer to two decimal places.)
Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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For each cost function (given in dollars), find the cost, average cost, and marginal cost at a production level of 1000 units; the production level that will minimize the average cost; and the minimum average cost.
C(q) = 8,000 + 320q − 0.3q2 + 0.0001q3
(a) the cost, average cost, and marginal cost at a production level of 1000 units
(b) the production level that will minimize the average cost (Round your answer to the nearest integer.)
units
(c) the minimum average cost (Round your answer to two decimal places.)
(b) the production level that will minimize the average cost (Round your answer to the nearest integer.)
units
(c) the minimum average cost (Round your answer to two decimal places.)
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