Minimize The Average Cost Ac Q For The Given Tc Q 2q 14q 48q 1 Find The Critical Values S At Which Ac In Minimiz 1 (24.94 KiB) Viewed 9 times
Minimize The Average Cost Ac Q For The Given Tc Q 2q 14q 48q 1 Find The Critical Values S At Which Ac In Minimiz 2 (26.85 KiB) Viewed 9 times
Minimize the average cost AC(Q) for the given TC(Q)=2Q³- 14Q²+48Q. 1. Find the critical values(s) at which AC in minimized. 2. Test the second-order condition. 3. Calculate the minimum average cost AC min. Find AC(Q)= 0²- 1. Find c.v. AC' = C.v.=
2. Test the second-order condition. AC"(Q)= It is : O<0 O>o Hence: Ominimum value exists Omaximum value exists 3. ACmin=$ Manufacturing and selling items will provide the minimal average cost of $
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!