Homework answers / question archive / The cost C (in dollars) of producing x units of a product is C = 1

The cost C (in dollars) of producing x units of a product is C = 1

Economics

Share With

The cost C (in dollars) of producing x units of a product is C = 1.15x + 6000.

a) Find the average cost function ¯CC¯.

b) Find ¯CC¯ when x = 600.

c) Determine the limit of the average cost function as x approaches infinity. Interpret the limit in the context of the problem.