Your company is planning to air a number of television commercials during the ABC Television Network's presentation of the Academy Awards. ABC is charging your company a variable cost of 1,600,000x60,000+/x dollars for x 30-second television spots. Additional fixed costs (development and personnel costs) amount to $500,000. (a) Write down the cost function C, marginal cost function C', and average cost function C. =| 1,600,000x 60,000v/x + 500,000 "4 o 160,000 (x) = 1. . _ s 600,000 " 4 2o =| 1,600,000 + 2270 30 0g x (b) Compute C'(3) and 6(3). (Round all answers to the nearest $10,000.) Cc'(3) = dollars per spot Cc(3) = dollars per spot () Fill in the blanks: Since the marginal cost is the average cost per unit, increasing the number of advertising spots up from 3 will cause the average cost per spot to v