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For the given cost function C(x) = 62500 + 200x + x², find the average cost function. Use the average cost function to find the following. Round to 2 decimal places where possible. a) the production level that will minimize the average cost x = b) the minimal average cost $ Question Help: Message instructor Submit Question Jump to Answer

For the given cost function C(x) = 62500 + 200x + x², find the average cost function. Use the average cost function to find the following. Round to 2 decimal places where possible. a) the production level that will minimize the average cost x = b) the minimal average cost $ Question Help: Message instructor Submit Question Jump to Answer

Advanced Engineering Mathematics
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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For the given cost function C'(x) = 62500 + 200x + x², find the average cost function. Use the average cost function to find the following. Round to 2 decimal places where possible. a) the production level that will minimize the average cost x = b) the minimal average cost $ Question Help: Message instructor Submit Question Jump to Answer
Transcribed Image Text:For the given cost function C'(x) = 62500 + 200x + x², find the average cost function. Use the average cost function to find the following. Round to 2 decimal places where possible. a) the production level that will minimize the average cost x = b) the minimal average cost $ Question Help: Message instructor Submit Question Jump to Answer
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