The total cost function of a firm is `C = x^2 + 75x + 1600` for output x. Find the output (x) for which average
cost is minimum. Is `C_A = C_M` at this output?
In a firm the cost function for output x is given as C = `"x"^2/3 - 20"x"^2 + 70 "x"`. Find the 3 output for which marginal cost (Cm) is minimum.
Solve the following assignment problem to minimize the cost:
Cost of assembling x wallclocks is `( x^3/3 - 40x^2)` and labour charges are 500x. Find the number of wall clocks to be manufactured for which average cost and marginal cost attain their respective minimum.