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17. [-/4 Points] DETAILS MY NOTES BERRAPCALCBR7 2.4.065. ASK YOUR TEACHER A company can produce LCD digital alarm clocks at a cost of $5
17. [-/4 Points] DETAILS MY NOTES BERRAPCALCBR7 2.4.065. ASK YOUR TEACHER A company can produce LCD digital alarm clocks at a cost of $5 each while fixed costs are $32. Therefore, the company's cost function is C(x) = 5x + 32. C(x) (a) Find the average cost function AC(x): = x AC(x) = (b) Find the marginal average cost function MAC(x). MAC(x) = (c) Evaluate MAC(x) at x = 40. (Round your answer to the nearest cent.) Interpret your answer. The average cost is ---Select--- at this rate. Submit Answer
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Making Hard Decisions with decision tools
Authors: Robert Clemen, Terence Reilly
3rd edition
538797576, 978-0538797573
