Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

4X - The total cost (in hundreds of dollars) to produce x units of perfume is C(x) = 2x + 3 (a) Find the average

image text in transcribed

image text in transcribed
4X - The total cost (in hundreds of dollars) to produce x units of perfume is C(x) = 2x + 3 (a) Find the average cost function. (b) Find the marginal average cost function. (c) Find the average cost and the marginal average cost for a production level of 30 units. Interpret your results. (a) The average cost function is C(x) = (b) The marginal average cost function is C'(x) = (c) The average cost for 30 units is $ per unit. The marginal average cost for 30 units is $ (Round to the nearest cent as needed.) Interpret your results. When 30 units are produced, the average cost is $ per unit and the average cost is at a rate of about $ per unit (Round to the nearest cent as needed.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Entrepreneurship

Authors: Andrew Zacharakis, William D Bygrave

5th Edition

1119563097, 9781119563099

Students also viewed these Mathematics questions