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find the minimum average cost if the total cost function is C(x)=5x^2+7x+9 ?
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We have given
Average cost function is
For Minimum , AC'(x)=0
Thus x=sqrt(9/5) will give minimum average cost.
`=20.42` per unit
Posted by pramodpandey on May 9, 2013 at 4:02 AM (Answer #1)
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