use first and second derivative principle to determine the level of output (in thousand) at which the firm's cost is minimized TC(x) = 2x3 - 66x2 + 576x + 1000
use first and second derivative principle to determine the level of output (in thousand) at which the firm's cost is minimized TC(x) = 2x3 - 66x2 + 576x + 1000
Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter3: The Derivative
Section3.5: Graphical Differentiation
Problem 1E
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use first and second derivative principle to determine the level of output (in thousand) at which the firm's cost is minimized
TC(x) = 2x3 - 66x2 + 576x + 1000
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