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Posted: **Tue Jul 05, 2022 10:08 am**

: 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 10 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 10 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 $