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1) The questions picture is attached down below: 5. A company manufacturing product has fixed costs of $200 per day and total costs of $3800

1) The questions picture is attached down below:

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5. A company manufacturing product has fixed costs of $200 per day and total costs of $3800 per day at the daily output of 20 units. (a) Assuming the total cost per day, C(x), is linearly related to the total output per day, x, write equation for the cost function. [3] (b) The average cost per unit for an output for x units is given by C(x) = C(x)/x, find the average cost function. [1] (c) What does the average cost per unit tend to as production increases? [2] 6. National bank works with Websites to find real-time market data from financial institutes. The following rate for 1 months were taken from the Web sites: (a) Bank ABC, 5.4% compounded monthly [2] (b) Bank DEF, 4.95% compounded monthly [2] (c) Bank GHI, 5.15% compounded monthly [2] Compute the value of $10000 invested in each account at end of 1 year.4. Consider the following revenue and cost functions for :1: units of pro- ductions R(:c) = :c(94.8 5.1:), C(x) = 156 + 19.72: with the domain of 1 g a: s 15. What is the break-even points. {they are the production levels at which prot is zero). [4]

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