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April 21, 2014

Homework Help: quantitative analysis

Posted by tyler on Tuesday, November 27, 2012 at 3:28pm.

consider a manufacture whose total cost of producing x items is given by c(x) = 10000 + 5x+1/9x^2

a) what is the average cost function of A(x) = c(x)/x?
b)how many items should the manufacturer produce in order to minimize average cost?
c)what is the smallest average cost?
d) find c(x)
e) when does c(x) have a critical point? what is the average cost when c(x) has a critical point?

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