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Homework answers / question archive / Given the cost function C(x)=30000+100xC(x)=30000+100x for producing xx auto body frames
Given the cost function C(x)=30000+100xC(x)=30000+100x for producing xx auto body frames.
a. Find the average cost per unit if 500 units are produced.
b. Find the marginal average cost at the production level of 500 units and interpret the results.
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