1. *2.1 Nicolas has purchased a streaming audio service for $8.00 per month. As he now listens...

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1. *2.1 Nicolas has purchased a streaming audio service for

$8.00 per month. As he now listens to more songs in a month, he spreads this fixed cost over a larger quantity, q. Derive an algebraic formula for his average fixed cost per song and draw it in a dia gram. One of his friends says to Nicolas: “The more music you listen to the less you pay per song, so you should spend all your time listening to music.” What is wrong with this reasoning?

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Aysha Ali

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