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If the Total Cost Function for a Product Is C(x)=500+3x+0.08x2C ( x ) = 500 + 3 x + 0.08 x ^ { 2 }

Question 83

Multiple Choice

If the total cost function for a product is C(x) =500+3x+0.08x2C ( x ) = 500 + 3 x + 0.08 x ^ { 2 } dollars, determine how many units x should be produced to minimize the average cost per unit?


A) 18 units
B) 500 units
C) 55 units
D) 79 units
E) 88 units

Correct Answer:

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