Suppose that the cost function for a product is given by C(x)=0.002x³ +5x+7,263. Find the production level (that is, the value of x) that will produce the minimum average cost per unit C(x). The production level that produces the minimum average cost per unit is x= (Round to the nearest whole number as needed.)
Suppose that the cost function for a product is given by C(x)=0.002x³ +5x+7,263. Find the production level (that is, the value of x) that will produce the minimum average cost per unit C(x). The production level that produces the minimum average cost per unit is x= (Round to the nearest whole number as needed.)
College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter4: Polynomial And Rational Functions
Section4.1: Quadratic Functions
Problem 6SC: A company that makes and sells baseball caps has found that the total monthly cost C in dollars of...
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