
Advanced Engineering Mathematics
10th Edition
ISBN: 9780470458365
Author: Erwin Kreyszig
Publisher: Wiley, John & Sons, Incorporated
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The total cost for a manufacturing company is C(q)=1/30 q^3-3/10 q^2+q, where q is the quantity of output produced and C(q) is the cost in dollars. Find the quantity at which the company will minimize the average variable cost. What is the minimum average variable cost?
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