Math Problem Statement
Suppose that
c left parenthesis x right parenthesis equals 3 x cubed minus 36 x squared plus 13 comma 000 xc(x)=3x3−36x2+13,000x
is the cost of manufacturing x items. Find a production level that will minimize the average cost of making x items.
Solution
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Math Problem Analysis
Mathematical Concepts
Calculus
Optimization
Derivatives
Cost Function
Formulas
Average Cost: AC(x) = C(x)/x
Derivative of Average Cost: AC'(x) = d/dx [3x^2 - 36x + 13,000]
Critical Points: Set AC'(x) = 0
Theorems
First Derivative Test
Second Derivative Test
Suitable Grade Level
Grades 11-12
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