Suppose the cost in dollars to produce x posters is given by (a) Sketch a graph of
Question:
Suppose the cost in dollars to produce x posters is given by
(a) Sketch a graph of C(x).
(b) Find a formula for C(x + 1) - C(x), the cost to produce an additional poster when x posters are already produced.
(c) Find a formula for A(x), the average cost per poster.
(d) Find a formula for A(x + 1) - A(x), the change in the average cost per poster when one additional poster is produced. (This quantity is approximately equal to the marginal average cost, which will be discussed in the chapter on the derivative.)
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