How do you show that a function has no local minimum
How do you show that a function has no local minimum
C(x) = 150 +12; 0.01952 + 0.02953, 0 < a: where a: is measured in units of hundreds.(a) Show that C(m) has no local minimum. (b) What level of production minimizes the average cost per unit? (2) The weekly cost (in dollars) of producing as units of a certain commodity is given byC(x) = 150 +12; 0.01952 + 0.02953, 0 < a: where a: is measured in units of hundreds.(a) Show that C(m) has no local minimum. (b) What level of production minimizes the average cost per unit?
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