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Homework answers / question archive / Assume that C(x)C(x) represents the cost of producing xx calculators
Assume that C(x)C(x) represents the cost of producing xx calculators. If C(100)=$500C(100)=$500 and C′(100)=$4.75C′(100)=$4.75, what is the average cost of a calculator when producing 100100 calculators?
Given cost C(x) for x calculator is
C(100)=500
Here, x=100
So average cost will be
C(x)x=C(100)100=500100C(x)x=5dollarsunitC(x)x=C(100)100=500100C(x)x=5dollarsunit
If x is the number of units of a product produced in some time interval,then
Average cost : C(x)x
