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28-12-2023
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The cost of producing x units of a product is modeled by the following.
C = 120 + 25x − 150 ln(x), x ≥ 1
(a)
Find the average cost function C.
C =
(b)
Find the minimum average cost analytically. Use a graphing utility to confirm your result. (Round your answer to two decimal places.)

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