A few days ago
a firms cost function for product x is AC=1/3q^3-100q-30?
at what level of production of x will the AC be minimized?
Top 3 Answers
A few days ago
Favorite Answer
Let y = 1/3q^3 -100q -30
At the minima dy/dx = 0
dy/dx = q^2-100 = 0
q = 10
( q can be -10 too, but negative units is not possible)
0
A few days ago
10.
If you don’t want to learn algebra, use excel for these types of problems. Type this into excel with “q” being a reference to another cell. For example, type “=1/3*A1^3-100*A1-30”. Type any number into cell A1. Go to Tools and select Solver. Ask it to minimize the value of the cell that you typed the formula into by changing the value in A1.
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4 years ago
what the….. why no longer say ….it costs mcdonalds 2million to start a sparkling product,so at what factor do they destroy even and start to make a earnings….why perform a little human beings hide in the back of math.
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