Financial analysts in a company that manufactures ovens arrived at the following daily cost equation for manufacturing x ovens per day: C(x) = + 4x + 1800. The average cost per unit at a production level of x ovens per day is
(x) = C(x) /x. (i) Find the rational function
. (ii) Sketch a graph of
(x) for 10 x 125. (iii) For what daily production level (to the nearest integer) is the average cost per unit at a minimum, and what is the minimum average cost per oven (to the nearest cent) ? HINT: Refer to the sketch in part (ii) and evaluate
(x) at appropriate integer values until a minimum value is found.
A)
B)
C)
D)
Correct Answer:
Verified
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