If Csxd is the cost of producing x units of a commodity, then the average cost per unit
Chapter 4, Problem 19(choose chapter or problem)
If Csxd is the cost of producing x units of a commodity, then the average cost per unit is csxd Csxdyx. The marginal cost is the rate of change of the cost with respect to the number of items produced, that is, the derivative C9sxd. (a) Show that if the average cost is a minimum, then the marginal cost equals the average cost. (b) If Csxd 16,000 1 200x 1 4x 3y2 , in dollars, find (i) the cost, average cost, and marginal cost at a production level of 1000 units; (ii) the production level that will minimize the average
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