6. The cost equation for a certain company is given by C(q) = 0.5q3 − 162q2...

6. The cost equation for a certain company is given by
C(q) = 0.5q3 − 162q2 + 13500q,

where q is the quantity of items produced and the cost, C, is given in dollars.

(a) (1 pt) Find the equation for the average cost and the equation for C′(q).

a(q) =

C′(q) =
(b) (1 pt) Find the minimum average cost and the quantity at which it occurs. Show work.

Solutions

Expert Solution

milcah answered 1 year ago

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