Question

Assume that it costs a company approximately C(x) = 441,000 + 160x + 0.001x2 dollars to...

Assume that it costs a company approximately C(x) = 441,000 + 160x + 0.001x2

dollars to manufacture x units of a device in an hour at one of their manufacturing centers. How many devices should be manufactured each hour to minimize average cost?

_____units

What is the resulting average cost of a device?

$_____

How does the average cost compare with the marginal cost at the optimal production level? Find how much they differ.

$ _______

Homework Answers

Answer #1

21000 devices manufacturer each hour.

$ 202 resulting average cost .

0 difference between marginal and average cost .

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