The minimum average cost
Not what you're looking for?
Please refer to the attached file.
For the given cost function
C(x)=40000+500x+x2 (the function is 40,000 +500x+x^2) find:
a) The cost at the production level 1850
b) The average cost at the production level 1850
c) The marginal cost at the production level 1850
d) The production level that will minimize the average cost
e) The minimal average cost
Purchase this Solution
Solution Summary
This solution explains how to calculate the minimum average cost as well as other cost functions.
Purchase this Solution
Free BrainMass Quizzes
Know Your Linear Equations
Each question is a choice-summary multiple choice question that will present you with a linear equation and then make 4 statements about that equation. You must determine which of the 4 statements are true (if any) in regards to the equation.
Solving quadratic inequalities
This quiz test you on how well you are familiar with solving quadratic inequalities.
Probability Quiz
Some questions on probability
Graphs and Functions
This quiz helps you easily identify a function and test your understanding of ranges, domains , function inverses and transformations.
Exponential Expressions
In this quiz, you will have a chance to practice basic terminology of exponential expressions and how to evaluate them.