Math Problem Statement

Solution

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Math Problem Analysis

Mathematical Concepts

Cost Function
Optimization
Derivative

Formulas

Total Cost Function: C(x) = 0.5x^2 + 15x + 5000
Average Cost Function: AC(x) = C(x)/x = 0.5x + 15 + 5000/x
Derivative of Average Cost Function: d/dx(AC(x)) = 0.5 - 5000/x^2

Theorems

Optimization of Functions
Critical Points by Derivatives

Suitable Grade Level

Grades 11-12, College