Solution-Find the total cost at a production level

Find the total cost at a production level

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Reference no: EM131044520

If C(x) is the cost of producing x units of a commodity, then the average cost per unit is a(x) = C(x)/x. Consider the C(x) given below. Round your answers to the nearest cent.

C(x) = 3,000 + 170x + 6x^3/2

(a) Find the total cost at a production level of 1000 units.

(b) Find the average cost at a production level of 1000 units. dollars per unit

(d) Find the production level that will minimize the average cost. units

(e) What is the minimum average cost? dollars per unit

If a company's cost function for a product is

C(q) = 2350 + 3.5q + 0.004q²

Reference no: EM131044520

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Find the total cost at a production level

Reference no: EM131044520

Reference no: EM131044520

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