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Cost, revenue, and profit are in dollars and x is the number of units. The average cost of a product changes at the rate Cˉ′(x)=−4x−2+41 and the average cost of 4 units is $13.00. (a) Find the average cost function. Cˉ(x)=___. (b) Find the average cost of 16 units. (Round your answer to the nearest cent.) $___.

User Phlie
by
7.8k points

1 Answer

3 votes

Final answer:

To find the average cost function and the average cost of 16 units, we integrate the rate of change of the average cost function and substitute x = 16 into the average cost function, respectively.

Step-by-step explanation:

To find the average cost function

ˉ

(

)

C

ˉ

(x), you need to integrate the given rate of change function C^{\bar{}}'(x) with respect to

x. The given rate of change is C^{\bar{}}'(x) = -4x^2 - 2x + 41.

Let's find

ˉ

(

)

C

ˉ

(x):

ˉ

(

)

=

(

4

2

2

+

41

)

C

ˉ

(x)=∫(−4x

2

−2x+41)dx

ˉ

(

)

=

4

3

3

2

+

41

+

C

ˉ

(x)=−

3

4

x

3

−x

2

+41x+C

Now, you need to find the constant of integration

C. The problem states that the average cost of 4 units is $13.00. So, you can use this information to find

C:

ˉ

(

4

)

=

4

3

(

4

)

3

(

4

)

2

+

41

(

4

)

+

=

13

C

ˉ

(4)=−

3

4

(4)

3

−(4)

2

+41(4)+C=13

Now, solve for

C:

4

3

(

64

)

16

+

164

+

=

13

3

4

(64)−16+164+C=13

256

3

+

148

+

=

13

3

256

+148+C=13

=

13

+

256

3

148

C=13+

3

256

−148

=

5

3

C=

3

5

Now that you have

C, the average cost function

ˉ

(

)

C

ˉ

(x) is:

ˉ

(

)

=

4

3

3

2

+

41

+

5

3

C

ˉ

(x)=−

3

4

x

3

−x

2

+41x+

3

5

Now, for part (b), find the average cost of 16 units:

ˉ

(

16

)

=

4

3

(

16

)

3

(

16

)

2

+

41

(

16

)

+

5

3

C

ˉ

(16)=−

3

4

(16)

3

−(16)

2

+41(16)+

3

5

Calculate this expression to find the average cost for 16 units. Ensure to round your answer to the nearest cent.

User Chandel
by
8.0k points
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