Assume that C(x)C(x) represents the cost of producing xx calculators

Accounting Dec 08, 2020

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?

Expert Solution

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

Average Cost:

If x is the number of units of a product produced in some time interval,then

Average cost : C(x)x

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