The cost for producing a thousand widgets is given by C(x) = 0.06x4 - 2x³ + 14x² + 400x, 0 ≤ x ≤ 60. Find the average cost function, determine the production level with the lowest average cost per widget, and find the minimum average cost per widget.

College Algebra
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ISBN:9781938168383
Author:Jay Abramson
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Chapter5: Polynomial And Rational Functions
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The cost for producing thousand widgets is given by
C(x) = 0.06x4 – 2x³ + 14x² + 400x, 0 ≤ x ≤ 60.
Find the average cost function, determine the production level with the lowest average cost per widget, and find the minimum average cost per widget.
Transcribed Image Text:The cost for producing thousand widgets is given by C(x) = 0.06x4 – 2x³ + 14x² + 400x, 0 ≤ x ≤ 60. Find the average cost function, determine the production level with the lowest average cost per widget, and find the minimum average cost per widget.
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