Given demand function p=100–6x and cost function C=240+15x² , find: Minimum Average Cost (the quantity x that minimizes avg cost) 11. a) b) Marginal Profit at x = 7

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter2: Functions
Section2.4: Average Rate Of Change Of A Function
Problem 2E
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Given demand function p=100–6x and cost function C=240+15 x , find:
Minimum Average Cost (the quantity x that minimizes avg cost)
a)
11.
b)
Marginal Profit at x = 7
Transcribed Image Text:Given demand function p=100–6x and cost function C=240+15 x , find: Minimum Average Cost (the quantity x that minimizes avg cost) a) 11. b) Marginal Profit at x = 7
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