Question

The cost of producing x units of a product is given by c = 6000 + 300 x + 300 xlnx. find the minimum average cost.

Answer 1

I believe In order to find the minimum average cost, we would assume that no product is sold and simply substitute x for 0, and solve for c.

C = 6000 + 300
C = 6300.

I believe this would be the solution.