Revenue and Manufacturing Modeling and Optimization

gecko5068

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Joined
May 8, 2006
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16
Show that if r(x)=6x and c(x)=x^3-6x^2+15x are your revenue and cost functions, then the best you can do is break even (have equal revenue cost).

2.Suppose c(x)=x^3-20x^2+20,000x is the cost of manufacturing x items. Find a production level that will minimize the average cost of making x items.
 
meh I finally got it. For anyone who's doing the problems for fun, the solutions I got are:
1.At x=3 cost=revenue
2.x=10 Units
 
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