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For the given cost function C(x) = 72900 + 500x + x², find the following. Round to two decimal places where possible. a) the cost at the production level 1100: b) the average cost at the production level 1100: c) the marginal cost at the production level 1100: d) the production level that will minimize the average cost: e) the minimal average cost: Question Help: Submit Question Jump to Answer Video Message instructor

For the given cost function C(x) = 72900 + 500x + x², find the following. Round to two decimal places where possible. a) the cost at the production level 1100: b) the average cost at the production level 1100: c) the marginal cost at the production level 1100: d) the production level that will minimize the average cost: e) the minimal average cost: Question Help: Submit Question Jump to Answer Video Message instructor

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) = 72900 + 500x + x², find the following. Round to two decimal places where possible. a) the cost at the production level 1100: b) the average cost at the production level 1100: c) the marginal cost at the production level 1100: d) the production level that will minimize the average cost: e) the minimal average cost: Question Help: Submit Question Jump to Answer Video Message instructor
Transcribed Image Text:For the given cost function C(x) = 72900 + 500x + x², find the following. Round to two decimal places where possible. a) the cost at the production level 1100: b) the average cost at the production level 1100: c) the marginal cost at the production level 1100: d) the production level that will minimize the average cost: e) the minimal average cost: Question Help: Submit Question Jump to Answer Video Message instructor
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