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The average cost per item to produce q items is given by a(g) 0.01g²-0.6q+17, for q>0. What is the total cost, C(q), of producing a goods? C(4) What is the minimum marginal cost? minimum MC (Be sure you can say what the practical interpretation of this result is!) At what production level is the average cost a minimum?

The average cost per item to produce q items is given by a(g) 0.01g²-0.6q+17, for q>0. What is the total cost, C(q), of producing a goods? C(4) What is the minimum marginal cost? minimum MC (Be sure you can say what the practical interpretation of this result is!) At what production level is the average cost a minimum?

College Algebra
College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter3: Functions
Section3.2: Domain And Range
Problem 61SE: The cost in dollars of making x items is given by the function Cx)=10x+500. a. The fixed cost is...
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The average cost per item to produce q items is given by a(g) = 0.01g²-0.6q+17, for g> 0. What is the total cost, C(q), of producing a goods? C(q)-0 What is the minimum marginal cost? minimum MC (Be sure you can say what the practical interpretation of this result is!) At what production level is the average cost a minimum? 9R What is the lowest average cost? minimum average cost Compute the marginal cost at q = 30. MC(30)= How does this relate to your previous answer? Explain this relationship both analytic Note: Your
Transcribed Image Text:The average cost per item to produce q items is given by a(g) = 0.01g²-0.6q+17, for g> 0. What is the total cost, C(q), of producing a goods? C(q)-0 What is the minimum marginal cost? minimum MC (Be sure you can say what the practical interpretation of this result is!) At what production level is the average cost a minimum? 9R What is the lowest average cost? minimum average cost Compute the marginal cost at q = 30. MC(30)= How does this relate to your previous answer? Explain this relationship both analytic Note: Your
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