March 2nd, 2012, 08:34 AM  #1 
Senior Member Joined: Feb 2012 Posts: 110 Thanks: 0  Finding the minimum average cost
The total cost, in dollars, of producing x cell phones is approximated by the function C(x)= 200030x+x^/5 Find the minimum average cost. Thank you for your help 
March 2nd, 2012, 08:39 AM  #2 
Senior Member Joined: Feb 2012 Posts: 628 Thanks: 1  Re: Finding the minimum average cost
I'm assuming that equation is supposed to be . Then the average cost is . Caclulate the derivative of this function, set it equal to zero, and plug the result back into the average cost equation to get your answer. 
March 2nd, 2012, 08:44 AM  #3 
Senior Member Joined: Feb 2012 Posts: 110 Thanks: 0  Re: Finding the minimum average cost
thanks iceman


Tags 
average, cost, finding, minimum 
Thread Tools  
Display Modes  

Similar Threads  
Thread  Thread Starter  Forum  Replies  Last Post 
going for average cost function to total cost function  pomazebog  Calculus  5  March 28th, 2012 09:15 PM 
Maximum Profit and Average Cost  parise123  Calculus  2  October 25th, 2011 06:29 PM 
Average cost differentiation  EconomicsStudent1990  Calculus  8  April 27th, 2011 12:37 AM 
Finding the minimum cost  Dean29126  Calculus  2  August 30th, 2010 03:22 AM 
Minimum Cost  Aurica  Calculus  2  June 14th, 2009 11:57 PM 