Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The total cost (in dollars) of manufacturing x auto body frames is C(x) = 40,000 + 500x. (A) Find the average cost per unit if

image text in transcribed
The total cost (in dollars) of manufacturing x auto body frames is C(x) = 40,000 + 500x. (A) Find the average cost per unit if 80 frames are produced. (B) Find the marginal average cost at a production level of 80 units (C) Use the results from parts (A) and (B) to estimate the average cost per frame if 81 frames are produced. (A) If 80 frames are produced, the average cost is $ per frame. (B) The marginal average cost at a production level of 80 units is $ per frame (Round to the nearest cent as needed.) (C) Using the results from parts (A) and (B), the estimate of the average cost per frame if 81 frames are produced is $ (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 to Expert-Tailored 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

Algebra A Combined Approach (Subscription)

Authors: Elayn Martin Gay

5th Edition

013417920X, 9780134179209

More Books

Students also viewed these Mathematics questions