Marshall Joseph
06/29/2024 · Elementary School
For the given cost function \( C(x)=16 \sqrt{x}+\frac{x^{2}}{27000} \) find a) The cost at the production level 1550 718.902 b) The average cost at the production level 1550 0.464 c) The marginal cost at the production level 1550 0.318 d) The production level that will minimize the average cost. e) The minimal average cost. Give answers to at least 3 decimal places.
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a) The cost at the production level 1550 is approximately 720.432.
b) The average cost at the production level 1550 is approximately 0.464.
c) The marginal cost at the production level 1550 is approximately 0.317.
d) The production level that will minimize the average cost is 36000.
e) The minimal average cost is 1.600.
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