Business Calculus Quiz
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APPLICATIONS OF DERIVATIVES IN BUSINESS
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A manufacturing firm has determined that its average cost per unit reaches a minimum value when producing 200 units. At this production level, the average cost is $45 per unit and the marginal cost is $45 per unit. If the firm's cost function has the form C(x)=ax2+bx+cC(x) = ax^2 + bx + c, what is the value of the fixed cost cc?
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