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13 Nov 2019
ëë 2. (7 points) Given the cost function Cla)-4000+50g+0.002q2 and the demand fiunction p 80-0.025q. (a) Find the average cost. When is average cost minimum?
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Keith Leannon
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27 Jul 2019
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Related questions
1.
The number of units x that consumers are willing to purchase at a given price p is defined as the demand function p=f(x). Suppose the cost of production is given by C(x)=4000- 40x + 0.02x2 and the demand function is p(x)= 50 -x/100. Find the unit price p that produces maximum profit. Find the number of items x for which production cost is minimum. Find the value of x for which average cost C- per item is minimum. (Hint: C- is minimum where its graph has a horizontal tangent line, so the derivative of C- is zero) When average cost C- is minimum, show that average cost and marginal cost are equal. Having produced 1000 items, approximate the additional cost of producing one more. Do the same for 5000 items.
4 and 5
à rind The Votuin-vor The Sol % Section 6365 X â https://wwwwebassign netweb Student Assignment Responses submitdepnj479206 8 65 504 XP Find the average value fave of the function f on the given interval Need Help?ReaditTalk to a Tuter 5, -/4 points SCakET8 65506 XP + Consider the given function and the given interval. fx)22x/(1 x22, 0, 2] (a) Find the average value fave of fon the given interval. (b) Find c such that fave (c). (Round your answers to three decimal places.) (smaller value) (larger value) (c) Sketch the graph of f and a rectangle whose area is the same as the area under the graph of f f(x) fox) 20 20 15 15 Type here to search ë - ë +
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à rind The Votuin-vor The Sol % Section 6365 X â https://wwwwebassign netweb Student Assignment Responses submitdepnj479206 8 65 504 XP Find the average value fave of the function f on the given interval Need Help?ReaditTalk to a Tuter 5, -/4 points SCakET8 65506 XP + Consider the given function and the given interval. fx)22x/(1 x22, 0, 2] (a) Find the average value fave of fon the given interval. (b) Find c such that fave (c). (Round your answers to three decimal places.) (smaller value) (larger value) (c) Sketch the graph of f and a rectangle whose area is the same as the area under the graph of f f(x) fox) 20 20 15 15 Type here to search ë - ë +
ochrewolf729
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19) A company finds that consumer demand quantity changes with respect to price at a rate given by D(p)=ë¥ D'(p)-3500 Find the demand function if the Äompany knows that 845 units of the product are demanded when the price is $5 per unit. A) D(p)-850+ 145 7000 845 D) Dp)-3500145 p3
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