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For the given cost function C(r) = 14400 + 200x + x2 find: a) The cost at the production level 1150 b) The average cost at the production level 1150 c) The marginal cost at the production level 1150 d) The production level that will minimize the average cost e) The minimal average cost

For the given cost function C(r) = 14400 + 200x + x2 find: a) The cost at the production level 1150 b) The average cost at the production level 1150 c) The marginal cost at the production level 1150 d) The production level that will minimize the average cost e) The minimal average cost

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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For the given cost function = 14400 + 200x + x² find: %3D a) The cost at the production level 1150 b) The average cost at the production level1150 c) The marginal cost at the production level 1150 d) The production level that will minimize the average cost e) The minimal average cost
Transcribed Image Text:For the given cost function = 14400 + 200x + x² find: %3D a) The cost at the production level 1150 b) The average cost at the production level1150 c) The marginal cost at the production level 1150 d) The production level that will minimize the average cost e) The minimal average cost
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