Solved

Suppose a Manufacturer Has Determined That the Total Cost C C=0.6x2+14x+54,000C = 0.6 x ^ { 2 } + 14 x + 54,000

Question 81

Multiple Choice

Suppose a manufacturer has determined that the total cost C of operating a factory is C=0.6x2+14x+54,000C = 0.6 x ^ { 2 } + 14 x + 54,000 where xx is the number of units produced. At what level of production will the average cost per unit be minimized? (The average cost per unit is C/x\mathrm { C } / x .)


A) x=300x = 300 units
B) x=330x = 330 units
C) x=30x = 30 units
D) x=60x = 60 units
E) x=600x = 600 units

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions