Solution-Find production level that will minimize the

Find production level that will minimize the average cost

Reference no: EM131139160

Problem - If C(c is the cost of producing x units of a commodity, then the average cost per unit is c(x) = C(x)/x. Consider the cost function C(x) given below.

C(x) = 16,000 + 170x + 4x^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.

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

(e) What is the minimize average cost?

Reference no: EM131139160

Questions Cloud

Analyze the debt-to-equity ratio of harley-davidson : Analyze the debt-to-equity ratio of Harley-Davidson for 2008 and 2009, and discuss the impact these ratios had on the market value of the company.

The general ethical principles of psychologists : Prepare a 3- to 5-page paper, specifically identifying any potential ethical pitfalls in client motivation that practicing psychologists should take care to avoid. You may limit your discussion to a single career area in psychology if you wish or ..

Define the equilibrium in bgp allocations : Show that there are no transitional dynamics, so that starting with any N(0) > 0, the economy grows at a constant rate.

Describe the pros and cons of each data set : Identify four sources of crime data. Identify the data collection methods as well as the agencies in charge of the data. Describe the types of data collected (for example, crimes committed, offender data, and victim data).

Find production level that will minimize the average cost : If C(c is the cost of producing x units of a commodity, then the average cost per unit is c(x) = C(x)/x. Consider the cost function C(x) given below. C(x) = 16,000 + 170x + 4x3/2. Find production level that will minimize the average cost

Examine the major fluctuating and daunting challenges : Examine the major fluctuating and daunting challenges in health care management that mortality trends and an aging Baby Boom generation predicate.

Define an equilibrium and characterize the market clearing : Now consider population growth at the exponential rate n, and show that this model generates sustained equilibrium growth, as in the model analyzed in Section 13.3.

Define cultural and cross-cultural psychology : Define cultural and cross-cultural psychology. Analyze the relationship between cultural and cross-cultural psychology. Discuss the role of critical thinking in cross-cultural psychology. Discuss the methodology associated with cross-cultural rese..

The textile industry in indonesia : Increased production levels in this industry during the first three quarters this year led industry experts to believe that the industry contribution to Indonesia's GDP would also increase.

User Account

All Pages

Find production level that will minimize the average cost

Reference no: EM131139160

Reference no: EM131139160

Questions Cloud

Reviews

Write a Review

Mathematics Questions & Answers

Determine the facets of bn

What is the size of the sample space

Find the maximum height of arrow using given functiongive

What are the lengths of the two pieces of wire

Des confidence interval contain value of 35 mm which is

Find the probability that a randomly selected cr-v

Draw a histogram to represent the distribution

Approximate the required work by a riemann sum

What fraction of the required credits have completed

Determine the amount of shag and sculptured carpet

How much money will barry have in his boat

Computing fixed cost and variable cost

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT