Suppose it costs your company Cx 95000230x02x2 dollars to pr

Suppose it costs your company

C(x)= 95,000+230x+.02x2

dollars to produce x TV\'s per day. How many TV\'s should you produce each day to minimize the average cost per TV?

Solution

C(x) = 0.02x^2 + 230x + 95,000

Minimum average cost per TV : find dC/dx = 0.04x + 230

0.04x +230 =0 ; x = 5750 nos. of TV;s

5750 TVs should be produced to minimize average cost per TV

Suppose it costs your company C(x)= 95,000+230x+.02x2 dollars to produce x TV\'s per day. How many TV\'s should you produce each day to minimize the average cos

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