Question
A customer is planning to purchase one of two models of a particular appliance. The costs of purchasing and operating both models of appliance are
A customer is planning to purchase one of two models of a particular appliance. The costs of purchasing and operating both models of appliance are given in the table below. These costs do not include maintenance charges or changes in electricity prices.
Type of CostModel 1Model 2Initial Cost$
$
814$
$
881Annual Cost of Electricity$
$
53$
$
58
A) Find the average cost function for each appliance, then evaluate each of the following limits.
lim
x
C
1
(
x
)
=
limxC1(x)=
lim
x
C
2
(
x
)
=
limxC2(x)=
B) Over time the average cost of purchasing and operatingSelect an answer
Model 2
Model 1
will be cheaper.
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