How can I determine the number of units x that results in the lowest average cost per unit based on the equation c = 0.001x³ + 5x + 250?
To find the number of units x that produces the minimum average cost per unit c given the equation c = 0.001x³ + 5x + 250, we will need to analyze the function and find its minimum point. The provided equation is a polynomial equation, and the average cost per unit is given as a … Read more