Adkins Daniel
03/18/2023 · Primary School
Determine the average cost function \( \bar{C}(x)=\frac{C(x)}{x} \). To find where the average cost is smallest, first calculate \( \bar{C}^{\prime}(x) \), the derivative of the average cost function. Then use a graphing calculator to find where the derivative is 0 . Check your work by finding the minimum from the graph of the function \( \bar{C}(x) \). \( C(x)=\frac{1}{2} x^{3}+5 x^{2}-2 x+50 \)
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To find where the average cost is smallest, calculate the derivative of the average cost function \(\bar{C}(x)\), set it to zero, and solve for \(x\). Use a graphing calculator to find the roots of the resulting cubic equation and verify the minimum.
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