with this plz. Image transcription text The cost function for a good is given by: TC =0.003Q3 + 8Q + 10,368 Find the production level
with this plz. Image transcription text The cost function for a good is given by:
TC =0.003Q3 + 8Q + 10,368
Find the production level that will produce the minimum average cost per unit by taking the following steps:
1. Find the average cost function by dividing C (Q) by Q.
2. Find the first derivative of the average cost function.
3. Set the first derivative of AC equal to 0 to find the stationary point of AC.
4. To classify the stationary point, find an expression for the second-order derivative.
5. Find the value of the second-order derivative at the stationary point.
The production level that produces the minimum average cost per unit is Q =
. (Enter your response rounded to the nearest whole number.)
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