Problem

Marginal and average cost Suppose the cost of producing x lawn mowers is C(x) = −0.02x2 +...

Marginal and average cost Suppose the cost of producing x lawn mowers is C(x) = −0.02x2 + 400x + 5000.

a. Determine the average and marginal costs for x = 3000 lawn mowers.

b. Interpret the meaning of your results in part (a).

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