Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A business that manufactures small alarm clocks has weekly fixed costs of $4000. The average cost per clock for the business to manufacture x
A business that manufactures small alarm clocks has weekly fixed costs of $4000. The average cost per clock for the business to manufacture x clocks is described 0.6x+4000 by X a. Find the average cost when x=100, 1000, and 10,000. b. Like all other businesses, the alarm clock manufacturer must make a profit. To do this, each clock must be sold for at least 50 more than what it costs to manufacture. Due to competition from a larger company, the clocks can be sold for $1.50 each and no more. Our small manufacturer can only produce 2000 clocks weekly. Does this business have much of a future? Explain. a. The average cost when x = 100 is $ (Type an integer or a decimal) BELAY
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started