The average cost for a company to produce x units of a product is given by...
The average cost for a company to produce x units of a product is given by the function A(x)=(10x + 450)/x
Use A'(x) to estimate the change in average cost as production goes from 150 units to 151 units.
The change in average cost is approximately _____ dollars.
Homework Answers
Average cost at 150 units = (10*150+450)/150 = $13 per unit
Average cost at 151 units = (10*151+450)/151 = $12.98 per unit
Change in average cost = $13-12.98 = $0.02 per unit (approximately)
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