interpret the tesults. (X) 201000 + lok altind the avekege cort per unit if 1000 dictionarieš are oo duced Bfind the wareinal averenge a production level oft l,000 units and cost at C) use vesolts from CA) cB) to er dictionarg per dictionariel dn pw (A) (B) to estimate the alerage lost p it 00 l oduced

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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### Exercise: Cost Analysis of Dictionary Production

Given the cost function:
\[ C(x) = 20,000 + 10x \]

#### Tasks:

a) **Find the average cost per unit if 1,000 dictionaries are produced.**

b) **Find the marginal average cost at a production level of 1,000 units and interpret the results.**

c) **Use results from (a) and (b) to estimate the average cost per dictionary if 1,001 dictionaries are produced.**
Transcribed Image Text:### Exercise: Cost Analysis of Dictionary Production Given the cost function: \[ C(x) = 20,000 + 10x \] #### Tasks: a) **Find the average cost per unit if 1,000 dictionaries are produced.** b) **Find the marginal average cost at a production level of 1,000 units and interpret the results.** c) **Use results from (a) and (b) to estimate the average cost per dictionary if 1,001 dictionaries are produced.**
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