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8. The total cost C(n) for a producer to manufacture n units is of a good is given by C(n) = 5000 + 50n The average cost of producing n units is a(n) = º C(n) a. Evaluate and interpret the economic significance of: i. С(1) ii. С(100) iii. C(1000) iv. C(10000) b. Evaluate and interpret the economic significance of: i. a(1) ii. a(100) iii. a(1000)

8. The total cost C(n) for a producer to manufacture n units is of a good is given by C(n) = 5000 + 50n The average cost of producing n units is a(n) = º C(n) a. Evaluate and interpret the economic significance of: i. С(1) ii. С(100) iii. C(1000) iv. C(10000) b. Evaluate and interpret the economic significance of: i. a(1) ii. a(100) iii. a(1000)

Calculus: Early Transcendentals
Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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Rational Functions: 8. The total cost C (n) for a producer to manufacturen units is of a good is given by C(n) = 5000 + 50n The average cost of producing n units is a(n) = m). %3D Evaluate and interpret the economic significance of: i. C(1) ii. С(100) iii. C(1000) iv. C(10000) b. Evaluate and interpret the economic significance of: i. a(1) ii. a(100) iii. a(1000) iv. a(10000) c. Find lim C(n). Explain your answer in economic terms. n-00 d. Find lim a(n). Explain your answer in economic terms. n-00
Transcribed Image Text:Rational Functions: 8. The total cost C (n) for a producer to manufacturen units is of a good is given by C(n) = 5000 + 50n The average cost of producing n units is a(n) = m). %3D Evaluate and interpret the economic significance of: i. C(1) ii. С(100) iii. C(1000) iv. C(10000) b. Evaluate and interpret the economic significance of: i. a(1) ii. a(100) iii. a(1000) iv. a(10000) c. Find lim C(n). Explain your answer in economic terms. n-00 d. Find lim a(n). Explain your answer in economic terms. n-00
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