A company has fixed costs of $3,000. Producing 450 items incurrs a total cost of $39,000. (a) Find the total cost function, C (x) = (3000+39000) (b) What is this company's marginal cost? MC = Number (c) What is the company's average cost of producing 381 items? C (381) = $ Number /item (round round to two decimal places)

A company has fixed costs of $3,000. Producing 450 items incurrs a total cost of $39,000. (a) Find the total cost function, C (x) = (3000+39000) (b) What is this company's marginal cost? MC = Number (c) What is the company's average cost of producing 381 items? C (381) = $ Number /item (round round to two decimal places)

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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Question

I am having a really hard time with marginal cost specifically, but really I need help with the whole question as well. See attached.

A company has fixed costs of $3,000. Producing 450 items incurrs a total cost of $39,000.
(a) Find the total cost function, C (x) = (3000+39000)
(b) What is this company's marginal cost?
MC
= Number
(c) What is the company's average cost of producing 381 items?
C (381)
/item
(round
round to two decimal places)
=
$ Number

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