Asked by Carl
C(x)= 16sqrt(x) + (x^2)/1000
Find the production level that will minimize the average cost
Find the production level that will minimize the average cost
Answers
Answered by
drwls
Assuming that C is average cost, that would be the value of x for which dC/dx = 0
If C is total cost, you have to find the point where C/x is a minimum.
If C is total cost, you have to find the point where C/x is a minimum.
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