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The cost of producing x units of a product is given by c = 6000 + 300 x + 300 xlnx. find the minimum average cost.
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The cost of producing x units of a product is given by c = 6000 + 300 x + 300 xlnx. find the minimum average cost.
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Mar 22, 2019
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The cost of producing x units of a product is given by c = 6000 + 300 x + 300 xlnx. find the minimum average cost.
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Rsanchez
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I believe In order to find the minimum average cost, we would assume that no product is sold and simply substitute x for 0, and solve for c.
C = 6000 + 300
C = 6300.
I believe this would be the solution.
Tarek Kalaji
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Mar 28, 2019
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Tarek Kalaji
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