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kenny6666 [7]
3 years ago
11

Use the appropriate command on a graphing utility to find the daily production level (to the nearest integer) at which the avera

ge cost per player is a minimum. What is the minimum average cost (to the nearest cent)?

Business
2 answers:
victus00 [196]3 years ago
5 0

please find the answer below

Download docx
Amanda [17]3 years ago
4 0

Answer:

39: $182.46

Explanation:

In this problem, the daily production level at the lowest average cost per player and the average cost (in $) can be estimated by considering the graph (average cost (y) against production level (x)) in the previous question. By drawing the graph up to scale, it can be deduced from the graph that the lowest average cost is approximately $182.46 and the production level at that point is 39.

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jek_recluse [69]

Answer:

Check the explanation

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Its a quadratic function , minima would occur at vertex.

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x = -b/2a = -(-6/2*0.06) = 50 cameras

Minimum marginal cost : C(50) = 0.06(50)^2 - 6*50 + 218 = $ 68

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If marginal utility is rising, then total utility is also rising.
Natali5045456 [20]

\huge{\textbf{\textsf{{\color{navy}{An}}{\purple{sw}}{\pink{er}} {\color{pink}{:}}}}}

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<h2>TRUE</h2>

  • Thanks
  • Hope it helps :).
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