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karush
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Average Cost. A manufacturer has determined that the total cost $C$ of operating a factory is
$C=0.5x^2+15x+5000$ where $x$ is the number of units produced.
At what level of production will the average cost per unit be minimized?
(The average cost per unit is $\frac{C}{x}$)
taking C' and setting to zero I got $-15$ but how is this going to give the ans which is
$x=100$ units.
thanks for help
$C=0.5x^2+15x+5000$ where $x$ is the number of units produced.
At what level of production will the average cost per unit be minimized?
(The average cost per unit is $\frac{C}{x}$)
taking C' and setting to zero I got $-15$ but how is this going to give the ans which is
$x=100$ units.
thanks for help
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