The cost of producing x units of a product is given by

C(x)=800+120x−120ln(x),x≥1.
Find the minimum average cost, which is defined as C(x)/x (the total cost divided by the number of units).
Minimum Average Cost =

Ask a New Question or answer this question.

Similar Questions

The marginal cost function is given by dc/dq=0.08q^2-1.8q+2.5 where c is the total cost in producing q units of product. The
1. 1 answer
The daily cost C, in RM, of producing a product isC(x)=1000+72x-0.06x^2 (0 more & equal x less & equal 60) where x represents
1. 0 answers
The marginal cost of a product is modeled by:14/cube root of 14x+5. Where x is the number of units. X=15, C=120. a) Find the
1. 1 answer
The marginal cost of a product is modeled bydC/dx= 16/cube root 16x + 3 where x is the number of units. When x = 17, C = 120.
1. 1 answer