Answer: 12
Explanation: Different quantities are substituted to find the total cost and average cost. When the Q is 12, the average cost remains very less.
Quantity | TC =432+30Q+3Q2 | Tc/quantity |
1 | 465 | 465 |
2 | 504 | 252 |
3 | 549 | 183 |
4 | 600 | 150 |
5 | 657 | 131.4 |
6 | 720 | 120 |
7 | 789 | 112.7143 |
8 | 864 | 108 |
9 | 945 | 105 |
10 | 1032 | 103.2 |
11 | 1125 | 102.2727 |
12 | 1224 | 102 |
13 | 1329 | 102.2308 |
14 | 1440 | 102.8571 |
15 | 1557 | 103.8 |
If TC = 432 + 30Q + 3Q2, what level of Qgenerates the minimum average cost?...
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