2. The manufacturer of the water toy "Silly Soaker" quotes a variable cost of $5.25 per unit and fixed costs of $7,000. a. Create a function to represent the average cost per unit to manufacture the Silly Soaker. b. Use that model to determine the average cost per unit for a level of production of x = 5,000 units. c. What is the horizontal asymptote of this function, and what does it represent?

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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2. The manufacturer of the water toy "Silly Soaker" quotes a variable cost of $5.25 per unit and fixed costs
of $7,000.
a. Create a function to represent the average cost per unit to manufacture the Silly Soaker.
b. Use that model to determine the average cost per unit for a level of production of x = 5,000
units.
c. What is the horizontal asymptote of this function, and what does it represent?
Transcribed Image Text:2. The manufacturer of the water toy "Silly Soaker" quotes a variable cost of $5.25 per unit and fixed costs of $7,000. a. Create a function to represent the average cost per unit to manufacture the Silly Soaker. b. Use that model to determine the average cost per unit for a level of production of x = 5,000 units. c. What is the horizontal asymptote of this function, and what does it represent?
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