6. The total cost equation for producing X widgets is given by TC 5 $1,000 1 $6X....

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6. The total cost equation for producing X widgets is given by TC 5 $1,000 1

$6X. The average cost per widget for producing 500 widgets is closest to which of the following?

a. $1,000

c. $8

b. $6

d. $4,000

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Related Book For  book-img-for-question

Fundamentals Of Engineering Economic Analysis

ISBN: 9781118414705

1st Edition

Authors: John A. White, Kellie S. Grasman, Kenneth E. Case, Kim LaScola Needy, David B. Pratt

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