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The total cost (in dollars) of manufacturing x auto body frames is C(x) = 80,000 + 500x. (A) Find the average cost per unit
The total cost (in dollars) of manufacturing x auto body frames is C(x) = 80,000 + 500x. (A) Find the average cost per unit if 500 frames are produced. (B) Find the marginal average cost at a production level of 500 units. (C) Use the results from parts (A) and (B) to estimate the average cost per frame if 501 frames are produced. (A) If 500 frames are produced, the average cost is $ per frame.
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A If 500 frames are produced the total cost is Cx Total cost function 80000 500x 8000...Get Instant Access to Expert-Tailored Solutions
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