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The average cost per item to produce q items is given by a(q) = 0.01q2 0.6q + 13, for q

Applied Calculus | 5th Edition | ISBN: 9781118174920 | Authors: Deborah Hughes-Hallett Patti Frazer Lock Andrew M. Gleason Daniel E. Flath, Sheldon P. Gordon, David O. Lomen, David Lovelock, & 7 more

Problem 9 Chapter 4.5

Applied Calculus | 5th Edition

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Applied Calculus | 5th Edition | ISBN: 9781118174920 | Authors: Deborah Hughes-Hallett Patti Frazer Lock Andrew M. Gleason Daniel E. Flath, Sheldon P. Gordon, David O. Lomen, David Lovelock, & 7 more

Applied Calculus | 5th Edition

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Problem 9

The average cost per item to produce q items is given by a(q) = 0.01q2 0.6q + 13, for q > 0. (a) What is the total cost, C(q), of producing q goods? (b) What is the minimum marginal cost? What is the practical interpretation of this result? (c) At what production level is the average cost a minimum? What is the lowest average cost? (d) Compute the marginal cost at q = 30. How does this relate to your answer to part (c)? Explain this relationship both analytically and in words.

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Chapter 4.5, Problem 9 is Solved
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Textbook: Applied Calculus
Edition: 5
Author: Deborah Hughes-Hallett Patti Frazer Lock Andrew M. Gleason Daniel E. Flath, Sheldon P. Gordon, David O. Lomen, David Lovelock, & 7 more
ISBN: 9781118174920

The full step-by-step solution to problem: 9 from chapter: 4.5 was answered by Patricia, our top Calculus solution expert on 01/22/18, 03:47PM. This textbook survival guide was created for the textbook: Applied Calculus, edition: 5. The answer to “The average cost per item to produce q items is given by a(q) = 0.01q2 0.6q + 13, for q > 0. (a) What is the total cost, C(q), of producing q goods? (b) What is the minimum marginal cost? What is the practical interpretation of this result? (c) At what production level is the average cost a minimum? What is the lowest average cost? (d) Compute the marginal cost at q = 30. How does this relate to your answer to part (c)? Explain this relationship both analytically and in words.” is broken down into a number of easy to follow steps, and 92 words. This full solution covers the following key subjects: . This expansive textbook survival guide covers 72 chapters, and 2635 solutions. Since the solution to 9 from 4.5 chapter was answered, more than 228 students have viewed the full step-by-step answer. Applied Calculus was written by Patricia and is associated to the ISBN: 9781118174920.

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