A company is planning to manufacture snowboards. The fixed costs are $400 per day and total costs are ​$5400 per day at a daily output of 20 boards.       Question content area bottom Part 1 A. Assuming that the total cost per​ day, C(x), is linearly related to the total output per​ day, x, write an equation for the cost function.   ​C(x)= ​(Do not​ factor.) Part 2 B. The average cost per board for an output of x boards is given by C​(x)=C(x)/x. Find the average cost function.   C​(x)=enter your response here   What does the average cost per board tend to as production​ increases?   ​$

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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A company is planning to manufacture snowboards. The fixed costs are
$400
per day and total costs are
​$5400
per day at a daily output of 20 boards.
 
 
 

Question content area bottom

Part 1
A. Assuming that the total cost per​ day, C(x), is linearly related to the total output per​ day, x, write an equation for the cost function.
 
​C(x)=
​(Do not​ factor.)
Part 2
B. The average cost per board for an output of x boards is given by
C​(x)=C(x)/x.
Find the average cost function.
 
C​(x)=enter your response here
 
What does the average cost per board tend to as production​ increases?
 
​$

 

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