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6 Nov 2019
A manufacturer estimates that when q thousand units of a particularcommodity are produced each month, the total cost will be C(q) =0.4q^2+3q+40 thousand dollars, and all q units can be sold at aprice of p(q) = 22.2 - 1.2q dollars per unit.
At what level of production is the average cost per unit A(q) =C(q)/q minimized?
A manufacturer estimates that when q thousand units of a particularcommodity are produced each month, the total cost will be C(q) =0.4q^2+3q+40 thousand dollars, and all q units can be sold at aprice of p(q) = 22.2 - 1.2q dollars per unit.
At what level of production is the average cost per unit A(q) =C(q)/q minimized?
At what level of production is the average cost per unit A(q) =C(q)/q minimized?
Irving HeathcoteLv2
24 Sep 2019