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Level of this minimum average cost

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Reference no: EM132021713

The Warren & Smith Company manufactures commercial zippers of two kinds, kind X and kind Y. Its production department estimates that the average cost function of the firm is:AC=X^2+2Y^2-2XY-2X-6Y+20

(a) The manager of the firm would like to know the level of output of zipper X and zipper Y at which the average cost of the firm is minimized, and the level of this minimum average cost.

Reference no: EM132021713

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