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) = 11,000+ 350g - 0.3q2 +0.00019³ (a) the cost, average cost, and marginal cost at a production level of 1000 units cost $161.000 average cost $ marginal cost $ 50 (b) the production level that will minimize the average cost (Round your answer to the nearest integer.) x units (c) the minimum average cost (Round your answer to two decimal places.) X Additional Materials

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) = 11,000+ 350g - 0.3q2 +0.00019³ (a) the cost, average cost, and marginal cost at a production level of 1000 units cost $161.000 average cost $ marginal cost $ 50 (b) the production level that will minimize the average cost (Round your answer to the nearest integer.) x units (c) the minimum average cost (Round your answer to two decimal places.) X Additional Materials

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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