The level of output q, at which the average cost (AC) will be minimum, where the AC = is,
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UoH 2012 Question 38: Single-variable optimisation
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The level of output q, at which the average cost (AC) will be minimum, where the AC = q² - 5q + 8 is, (A) 8 (B) 2.5 (C) -5 (D) None of the above
Also written as: The level of output q, at which the average cost (AC) will be minimum, where the AC = q^2 - 5q + 8 is,
Single-variable optimisation has come up 37 times in 6 exams since 2010.
What this question tests
This question is on Applied optimisation, part of Single-variable optimisation in Mathematics.
Maximising profit, revenue or area and minimising cost or time in applied settings.
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