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The cost of producing x units of a product is modeled by the following. C =...

The cost of producing x units of a product is modeled by the following. C = 120 + 35x − 160 ln(x), x ≥ 1

(a) Find the average cost function C

(b) Find the minimum average cost analytically. Use a graphing utility to confirm your result. (Round your answer to two decimal places.)

Math   Precalculus   
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