At what level of output q, the average cost (AC) will be minimum when the AC function is given by AC = ? (Hint: Apply mathematical method of minimization)
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UoH 2013 Question 90: Single-variable optimisation
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At what level of output q, the average cost (AC) will be minimum when the AC function is given by AC = q² - 5q + 8? (Hint: Apply mathematical method of minimization) (A) 8 units (B) 2.50 units (C) 2q - 5 units (D) None of the above
Also written as: At what level of output q, the average cost (AC) will be minimum when the AC function is given by AC = q^2 - 5q + 8? (Hint: Apply mathematical method of minimization)
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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