The total cost equation for producing (X) widgets is given by (mathrm{TC}=$ 1,000+$ 6 X). The average

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The total cost equation for producing \(X\) widgets is given by \(\mathrm{TC}=\$ 1,000+\$ 6 X\). The average cost per widget for producing 500 widgets is closest to which of the following?

a. \(\$ 1,000\)

b. \(\$ 6\)

c. \(\$ 8\)

d. \(\$ 4,000\)

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Principles Of Engineering Economic Analysis

ISBN: 9781118163832

6th Edition

Authors: John A. White, Kenneth E. Case, David B. Pratt

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