Minimum average cost

the cost of producing x units of a product is modeled by

c = 100 +...

Mathematics, 15.01.2020 06:31 Jasten

# Minimum average cost

the cost of producing x units of a product is modeled by

c = 100 + 25x - 120 ln x, x ≥ 1.

(a) find the average cost function ć.

(b) find the minimum average cost analytically. use a graphing utility to confirm your result.

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