Given The Cost function C = 10x - 4x^4 + 6x^5 , find the minimum average cost.
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Answer:
5/2
Step-by-step explanation:
⇒ We have, C(x)=2x
2
−4x+5.
⇒ Average cost =
x
C(x)
⇒ Average cost =
x
2x
2
−4x+5
⇒ Average cost = 2x−4+
x
5
⇒ Now, substitute value of x=2.
⇒ Average cost = 2(2)−4+
2
5
=
2
5
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