Explanation Given information: The statement “The average cost of q items is the slope of the tangent line to the cost curve at q ”. Average Cost: Average cost is the slope of the line from the origin to a point on the cost curve. The average cost is the cost per unit of producing a certain quantity; it is the total cost divided by the number of units produced. If the cost of producing a quantity q is. C ( q ) , then the average cost, a ( q ) , of producing a quantity q is given by a ( q ) = C ( q ) q

6th Edition

ISBN: 9781119267874

Author: Hughes-Hallett

Publisher: WILEY

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Chapter 4, Problem 44SYU

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Whether the statement is true or false.

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Chapter 4, Problem 43SYU

Chapter 4, Problem 45SYU

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Chapter 4 Solutions

APPLIED CALCULUS-WILEYPLUS

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To indicate: Whether the statement is true or false.

Solution Summary: The author explains average cost is the slope of the line from the origin to a point on the cost curve at q.