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Suppose the cost function is: C(q) = 88.9q + 20000 After you construct your average cost function, A(q) , find the average cost per item units have been produced. Your answer should be consistent with the plot below. Answer = $ per item (Round to the nearest penny) %3D

Suppose the cost function is: C(q) = 88.9q + 20000 After you construct your average cost function, A(q) , find the average cost per item units have been produced. Your answer should be consistent with the plot below. Answer = $ per item (Round to the nearest penny) %3D

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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Suppose the cost function is: C(q) = 88.9q + 20000 After you construct your average cost function, A(q) , find the average cost per item when 98 units have been produced. Your answer should be consistent with the plot below. Answer per item (Round to the nearest penny) %3D Average Cost, A(q) 600- 500 400 300 200 100 200 400 600 800 1000 1200 1400 -100- Оuаntity (q) $ (per item)
Transcribed Image Text:Suppose the cost function is: C(q) = 88.9q + 20000 After you construct your average cost function, A(q) , find the average cost per item when 98 units have been produced. Your answer should be consistent with the plot below. Answer per item (Round to the nearest penny) %3D Average Cost, A(q) 600- 500 400 300 200 100 200 400 600 800 1000 1200 1400 -100- Оuаntity (q) $ (per item)
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