Get reliable answers to your questions at Westonci.ca, where our knowledgeable community is always ready to help. Our platform offers a seamless experience for finding reliable answers from a network of knowledgeable professionals. Get immediate and reliable solutions to your questions from a community of experienced professionals on our platform.
Sagot :
Let's solve the given problem step-by-step given the cost function [tex]\(C(x) = 57600 + 800x + x^2\)[/tex]:
### a) The cost at the production level 1300
To find the cost at a production level of 1300 units, we substitute [tex]\(x = 1300\)[/tex] into the cost function [tex]\(C(x)\)[/tex].
[tex]\[ C(1300) = 57600 + 800(1300) + (1300)^2 \][/tex]
Substituting [tex]\(x = 1300\)[/tex]:
[tex]\[ C(1300) = 57600 + 1040000 + 1690000 = 2787600 \][/tex]
So, the cost at the production level of 1300 units is 2787600.
### b) The average cost at the production level 1300
The average cost function is given by:
[tex]\[ \text{Average Cost} = \frac{C(x)}{x} \][/tex]
At [tex]\( x = 1300 \)[/tex]:
[tex]\[ \text{Average Cost at 1300} = \frac{C(1300)}{1300} = \frac{2787600}{1300} = \frac{27876}{13} \][/tex]
So, the average cost at the production level of 1300 units is [tex]\(\frac{27876}{13}\)[/tex].
### c) The marginal cost at the production level 1300
The marginal cost is the derivative of the cost function [tex]\(C(x)\)[/tex] with respect to [tex]\(x\)[/tex]. We first find this derivative and then substitute [tex]\(x = 1300\)[/tex]:
[tex]\[ C(x) = 57600 + 800x + x^2 \][/tex]
[tex]\[ C'(x) = 800 + 2x \][/tex]
At [tex]\( x = 1300 \)[/tex]:
[tex]\[ C'(1300) = 800 + 2(1300) = 800 + 2600 = 3400 \][/tex]
So, the marginal cost at the production level of 1300 units is 3400.
### d) The production level that will minimize the average cost
To minimize the average cost, we need to work with the average cost function:
[tex]\[ \text{Average Cost} = \frac{C(x)}{x} = \frac{57600 + 800x + x^2}{x} = \frac{57600}{x} + 800 + x \][/tex]
We need to find the critical points by taking the derivative of the average cost function and setting it to zero:
[tex]\[ \text{Average Cost Prime} = -\frac{57600}{x^2} + 1 \][/tex]
Setting it to zero to find the critical points:
[tex]\[ -\frac{57600}{x^2} + 1 = 0 \][/tex]
Solving for [tex]\( x \)[/tex]:
[tex]\[ \frac{57600}{x^2} = 1 \][/tex]
[tex]\[ x^2 = 57600 \][/tex]
[tex]\[ x = \sqrt{57600} = 240 \][/tex]
So, the production level that will minimize the average cost is 240 units.
### e) The minimal average cost
Finally, to find the minimal average cost, we substitute [tex]\( x = 240 \)[/tex] into the average cost function:
[tex]\[ \text{Minimal Average Cost} = \frac{C(240)}{240} \][/tex]
First, find [tex]\(C(240)\)[/tex]:
[tex]\[ C(240) = 57600 + 800(240) + (240)^2 = 57600 + 192000 + 57600 = 307200 \][/tex]
Now, calculate the average cost:
[tex]\[ \text{Minimal Average Cost} = \frac{307200}{240} = 320 \][/tex]
So, the minimal average cost is 320.
---
In summary:
a) The cost at the production level 1300 is 2787600.
b) The average cost at the production level 1300 is [tex]\(\frac{27876}{13}\)[/tex].
c) The marginal cost at the production level 1300 is 3400.
d) The production level that will minimize the average cost is 240.
e) The minimal average cost is 320.
### a) The cost at the production level 1300
To find the cost at a production level of 1300 units, we substitute [tex]\(x = 1300\)[/tex] into the cost function [tex]\(C(x)\)[/tex].
[tex]\[ C(1300) = 57600 + 800(1300) + (1300)^2 \][/tex]
Substituting [tex]\(x = 1300\)[/tex]:
[tex]\[ C(1300) = 57600 + 1040000 + 1690000 = 2787600 \][/tex]
So, the cost at the production level of 1300 units is 2787600.
### b) The average cost at the production level 1300
The average cost function is given by:
[tex]\[ \text{Average Cost} = \frac{C(x)}{x} \][/tex]
At [tex]\( x = 1300 \)[/tex]:
[tex]\[ \text{Average Cost at 1300} = \frac{C(1300)}{1300} = \frac{2787600}{1300} = \frac{27876}{13} \][/tex]
So, the average cost at the production level of 1300 units is [tex]\(\frac{27876}{13}\)[/tex].
### c) The marginal cost at the production level 1300
The marginal cost is the derivative of the cost function [tex]\(C(x)\)[/tex] with respect to [tex]\(x\)[/tex]. We first find this derivative and then substitute [tex]\(x = 1300\)[/tex]:
[tex]\[ C(x) = 57600 + 800x + x^2 \][/tex]
[tex]\[ C'(x) = 800 + 2x \][/tex]
At [tex]\( x = 1300 \)[/tex]:
[tex]\[ C'(1300) = 800 + 2(1300) = 800 + 2600 = 3400 \][/tex]
So, the marginal cost at the production level of 1300 units is 3400.
### d) The production level that will minimize the average cost
To minimize the average cost, we need to work with the average cost function:
[tex]\[ \text{Average Cost} = \frac{C(x)}{x} = \frac{57600 + 800x + x^2}{x} = \frac{57600}{x} + 800 + x \][/tex]
We need to find the critical points by taking the derivative of the average cost function and setting it to zero:
[tex]\[ \text{Average Cost Prime} = -\frac{57600}{x^2} + 1 \][/tex]
Setting it to zero to find the critical points:
[tex]\[ -\frac{57600}{x^2} + 1 = 0 \][/tex]
Solving for [tex]\( x \)[/tex]:
[tex]\[ \frac{57600}{x^2} = 1 \][/tex]
[tex]\[ x^2 = 57600 \][/tex]
[tex]\[ x = \sqrt{57600} = 240 \][/tex]
So, the production level that will minimize the average cost is 240 units.
### e) The minimal average cost
Finally, to find the minimal average cost, we substitute [tex]\( x = 240 \)[/tex] into the average cost function:
[tex]\[ \text{Minimal Average Cost} = \frac{C(240)}{240} \][/tex]
First, find [tex]\(C(240)\)[/tex]:
[tex]\[ C(240) = 57600 + 800(240) + (240)^2 = 57600 + 192000 + 57600 = 307200 \][/tex]
Now, calculate the average cost:
[tex]\[ \text{Minimal Average Cost} = \frac{307200}{240} = 320 \][/tex]
So, the minimal average cost is 320.
---
In summary:
a) The cost at the production level 1300 is 2787600.
b) The average cost at the production level 1300 is [tex]\(\frac{27876}{13}\)[/tex].
c) The marginal cost at the production level 1300 is 3400.
d) The production level that will minimize the average cost is 240.
e) The minimal average cost is 320.
Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. Stay curious and keep coming back to Westonci.ca for answers to all your burning questions.