For the given cost function C(x) = 12100 + 200x + x² find: a) The cost at the production level 1100 b) The average cost at the production level 1100 c) The marginal cost at the production level 1100 d) The production level that will minimize the average cost e) The minimal average cost

College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter4: Polynomial And Rational Functions
Section4.1: Quadratic Functions
Problem 6SC: A company that makes and sells baseball caps has found that the total monthly cost C in dollars of...
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For the given cost function
C(x) = 12100 + 200x + x² find:
a) The cost at the production level 1100
b) The average cost at the production level 1100
c) The marginal cost at the production level 1100
d) The production level that will minimize the average cost
e) The minimal average cost
Transcribed Image Text:For the given cost function C(x) = 12100 + 200x + x² find: a) The cost at the production level 1100 b) The average cost at the production level 1100 c) The marginal cost at the production level 1100 d) The production level that will minimize the average cost e) The minimal average cost
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