Suppose the cost, in dollars, of producing x items is C(x) = 100x + 2000/x Determine
(a) the cost of producing 50 items,
(b) the cost of producing the 50th item, the marginal cost when x = 5,
(c) the average cost function,
(d) the average cost of producing 50 items,
(e) estimate the level of production which minimizes the cost and estimate the minimum cost.