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A Company Has Cost Function C(x)=1000+20x+x2C ( x ) = 1000 + 20 x + x ^ { 2 }

Question 111

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A company has cost function C(x)=1000+20x+x2C ( x ) = 1000 + 20 x + x ^ { 2 } . Find:
(a) The average cost function.(b) The marginal cost function.(c) The production level x that will minimize the average cost.(d) The minimum average cost.

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