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
