dollars. C'(x)=15+ 500 X + 1 If the fixed costs are $4,000 per week, find the cost function. What is the average cost per pair of shoes if 1,000 pairs of shoes are produced each week? The cost function is C(x) = 0. If 1,000 pairs of shoes are produced each week, the average cost per pair of shoes is $ (Round to the nearest cent as needed.)
dollars. C'(x)=15+ 500 X + 1 If the fixed costs are $4,000 per week, find the cost function. What is the average cost per pair of shoes if 1,000 pairs of shoes are produced each week? The cost function is C(x) = 0. If 1,000 pairs of shoes are produced each week, the average cost per pair of shoes is $ (Round to the nearest cent as needed.)
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
The weekly marginal cost of producing x pairs of tennis shoes is given by the following function, where C(x) is cost in dollars.
C′(x)=15+500x+1
If the fixed costs are
$4,000
per week, find the cost function. What is the average cost per pair of shoes if 1,000 pairs of shoes are produced each week?
Transcribed Image Text:The weekly marginal cost of producing x pairs of tennis shoes is given by the following function, where C(x) is cost in
dollars.
C'(x)=15+
500
x + 1
If the fixed costs are $4,000 per week, find the cost function. What is the average cost per pair of shoes if 1,000 pairs of
shoes are produced each week?
The cost function is C(x)=
If 1,000 pairs of shoes are produced each week, the average cost per pair of shoes is $
(Round to the nearest cent as needed.)
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