Question

If the total cost function for a product is C(x) = 9(x + 3)^3 dollars, where...

If the total cost function for a product is C(x) = 9(x + 3)^3 dollars, where x represents the number of hundreds of units produced, producing how many units will minimize average cost?

a) x= ?

b) Find the minimum average cost per hundred units.

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
If the total cost function for a product is C(x) = 8(x + 5)3 dollars, where...
If the total cost function for a product is C(x) = 8(x + 5)3 dollars, where x represents the number of hundreds of units produced, producing how many units will minimize average cost? x = hundred units Find the minimum average cost. (Round your answer to two decimal places.) dollars per hundred units
If the total cost function for a product is dollars, determine how many units ? should...
If the total cost function for a product is dollars, determine how many units ? should be C(x)=40+9x+0.1x^{2} produced to minimize the average cost per unit?
The total cost function for a product is C(x) = 850 ln(x + 10) + 1800...
The total cost function for a product is C(x) = 850 ln(x + 10) + 1800 where x is the number of units produced. (a) Find the total cost of producing 300 units. (Round your answer to the nearest cent.) $   (b) Producing how many units will give total costs of $8500? (Round your answer to the nearest whole number.) units
5) The cost per unit of producing a product is 60 + 0.2x dollars, where x...
5) The cost per unit of producing a product is 60 + 0.2x dollars, where x represents the number of units produced per week. The equilibrium price determined by a competitive market is $220. How many units should the firm produce and sell each week to maximize its profit? b) What is the maximum profit?
The total revenue function for a certain product is given by R=590x dollars, and the total...
The total revenue function for a certain product is given by R=590x dollars, and the total cost function for this product is C=15,000 +50x + x squared 2 dollars, where x is the number of units of the product that are produced and sold. a. Find the profit function. b. Find the number of units that gives maximum profit. c. Find the maximum possible profit.
The total revenue function for a certain product is given by Requals=440440x ​dollars, and the total...
The total revenue function for a certain product is given by Requals=440440x ​dollars, and the total cost function for this product is Cequals=20 comma 00020,000plus+4040xplus+x squaredx2 ​dollars, where x is the number of units of the product that are produced and sold. a. Find the profit function. b. Find the number of units that gives maximum profit. c. Find the maximum possible profit.
Suppose that the total cost function, in dollars, for the production of x units of a...
Suppose that the total cost function, in dollars, for the production of x units of a product is given by the equation shown below. C(x) = 17640 + 65x + 0.4x2 Then the average cost of producing x items is represented by the following equation. C(x) = total cost = 17640 + 65 + 0.4x x x (a) Find the instantaneous rate of change of average cost with respect to the number of units produced, at any level of production....
The total cost of producing x units of a product is estimated by the cost function...
The total cost of producing x units of a product is estimated by the cost function C = f(x) = 60x + 0.2x2 + 25,000 where C equals total cost measured in dollars.   a) This function is an example of what class of functions? b) What is the cost associated with producing 25,000 units? c) What is the cost associated with producing zero units? What term might be used to describe this cost?
9) The total cost (in dollars) to produce q units of a good is given by...
9) The total cost (in dollars) to produce q units of a good is given by the function: C(q) = 5.2q + 43000 Answer the following. (A) What is the total cost to produce 4,000 units? Cost = $ (B) How many units can be produced with a total of $93,960 Answer = 11) Consider the function f(x)=4−4x2,  −3≤x≤1, The absolute maximum value is = ? and this occurs at x = ? The absolute minimum value is = ? and...
. The total cost function for a product is ?(?) = 15? + 600, and the...
. The total cost function for a product is ?(?) = 15? + 600, and the total revenue is R(x) = 20x, where x is the number of units produced and sold. a) Find the marginal cost. b) Find the marginal revenue c) Find the profit function. d) Find the number of units that gives the break-even point. e) Find the marginal profit and explain what it means 9. *please show all work*
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT