aft_lizard01
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Homework Statement
The cost of producing x units is given by:
f(x)=800+110x-110ln(x)
Find the minimum average cost. x >= 1
Homework Equations
Cost=f(x)/x
Marginal cost is C'(x)
The Attempt at a Solution
This is what I have done so far:
C(x)=(800+110x-110ln(x))/x
C'(x)= (110ln(x)-910)/x^2
setting C'(x)=0
I get x=e^(910/110)
C''(x)=(1930-220ln(x))/x^3
Plugging in my value for x I get an increasing number validating, or I thought my x=value. Webwork tells me that e^(910/110) is incorrect for the minimum cost.