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Chapter 4, Section 4.5, Question 002 The figure below shows costs with 4 = 10,000 marked. 30,000 15,000 10,000 El Your answer
(c) At approximately what production level is average cost minimized? Round your answer to the nearest thousand. || 10000 the
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Answer #1

a) 2.44

4 line joints above 15000 to 30000, difference 30000-15000 = 15000. 15000/4 = 3750

3750x2+(3750/2) = 9375   

15000+9375 = 24375

b) 5625  

Similary, 15000/4 = 3750

3750 + (3750/2) = 5625

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