I cant seem to figure these out.

Find the marginal average cost function if the cost function is given by

C(x)= .04x^2 + 30x + 500

Then :

Find the absolute minimum of this average cost function

C(x) = .01x^2 + 10x + 400 all divided by x

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- Dec 14th 2009, 02:19 PMav8or91Marginal and Average cost functions
I cant seem to figure these out.

Find the marginal average cost function if the cost function is given by

C(x)= .04x^2 + 30x + 500

Then :

Find the absolute minimum of this average cost function

C(x) = .01x^2 + 10x + 400 all divided by x

- Dec 14th 2009, 03:48 PMArturo_026
C(x) is the cost for producing x units, therefore, the cost for producing 1 unit is given by C(x)/x

And the marginal for average cost is just the derivative of C(x)/x - Dec 14th 2009, 05:06 PMav8or91
Find the absolute minimum of this average cost function

C(x) = .01x^2 + 10x + 400 all divided by x

Do not understand find the minimum of this average cost