The cost, C, to produce a product as a function of the quantity, q, is given by ?(?)=?3−2.5?2−8?+45�(�)=�3−2.5�2−8�+45 for 1≤?≤101≤�≤10, which of the following is the quantity that minimizes cost?
The cost, C, to produce a product as a function of the quantity, q, is given by ?(?)=?3−2.5?2−8?+45�(�)=�3−2.5�2−8�+45 for 1≤?≤101≤�≤10, which of the following is the quantity that minimizes cost?
Chapter16: Labor Markets
Section: Chapter Questions
Problem 16.7P
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Question
The cost, C, to produce a product as a function of the quantity, q, is given by ?(?)=?3−2.5?2−8?+45�(�)=�3−2.5�2−8�+45 for 1≤?≤101≤�≤10, which of the following is the quantity that minimizes cost?
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