7. The cost per computer produced at a factory depends on how many computers the factory produces in a day. 1 The cost function is modeled by C(n) = n² -n+200, where n is the number of computers produced in 500 a day and C(n) is the unit cost, in dollars per computer. (b) Does the cost have a minimum or maximum value? Explain. Use your calculator to find it. (a) Calculate C(50) and give an interpretation of your answer in terms of the scenario described.

7. The cost per computer produced at a factory depends on how many computers the factory produces in a day. 1 The cost function is modeled by C(n) = n² -n+200, where n is the number of computers produced in 500 a day and C(n) is the unit cost, in dollars per computer. (b) Does the cost have a minimum or maximum value? Explain. Use your calculator to find it. (a) Calculate C(50) and give an interpretation of your answer in terms of the scenario described.

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter12: The Cost Of Production

Section12.4: Costs In The Short Run And In The Long Run

Problem 4QQ

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