The cost for producing a thousand widgets is given by C(x) = 0.06x4 - 2x³ + 14x² + 400x, 0 ≤ x ≤ 60. Find the average cost function, determine the production level with the lowest average cost per widget, and find the minimum average cost per widget.
The cost for producing a thousand widgets is given by C(x) = 0.06x4 - 2x³ + 14x² + 400x, 0 ≤ x ≤ 60. Find the average cost function, determine the production level with the lowest average cost per widget, and find the minimum average cost per widget.
Chapter5: Polynomial And Rational Functions
Section: Chapter Questions
Problem 6PT: Solve the following application problem. A rectangular field is to be enclosed by fencing. In...
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