7. The cost of producing x units of a product is modeled by C = 100 + 25x − 120 lnx, x ≥ 1. Then a. Find the average cos
Posted: Wed Jul 06, 2022 1:20 pm
7. The cost of producing x units of a product is modeled by C = 100 + 25x − 120 lnx, x ≥ 1. Then a. Find the average cost function. b. Find the minimum average cost. 100 120 ln x Ans: a. C(x) +25 x x b. Min Aver. Cost = $5.81 (rounded to the nearest cent)