a. Explanation Given information: The costis C ( x ) = 3 x 2 + 5 x + 75 . Calculation: Consider the function. C ( x ) = 3 x 2 + 5 x + 75 ........ (1) The average cost is, A ( x ) = C ( x ) x = 3 x 2 + 5 x + 75 x = 3 x + 5 + 75 x Differentiate above equation b. To determine To find: The level of production when the average cost and marginal cost will be equal. c. To determine To find: The graph for the average and marginal cost.

7th Edition

ISBN: 9781524916817

Author: SMITH KARL J, STRAUSS MONTY J, TODA MAGDALENA DANIELE

Publisher: Kendall Hunt Publishing

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Question

Chapter 4.7, Problem 26PS

To determine

To find:The level of production at which the average cost is smallest.

To determine

To find:The level of production when the average cost and marginal cost will be equal.

To determine

To find:The graph for the average and marginal cost.

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Chapter 4.7, Problem 25PS

Chapter 4.7, Problem 27PS

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Chapter 4 Solutions

Calculus

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