Suppose that we're making and selling some widget and the cost (in dollars) when making a...

 

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Suppose that we're making and selling some widget and the cost (in dollars) when making a widgets is C(x) = 0.001x- 0.08x + 100x + 4000. What are the average cost and marginal average cost functions, and what is the marginal average cost when we sell 77 widgets? The average cost function is C(x) 0.0012 0.08x+100+ 4000 = x The marginal average cost function is C'(x)=0.002x-0.08 - 4000 - 2 X If we're already making 77 widgets, by how much will our average cost per widget change if we increase production by one unit? $ 0.6006 (round to 4 decimal places if rounding is needed) Suppose that we're making and selling some widget and the cost (in dollars) when making a widgets is C(x) = 0.001x- 0.08x + 100x + 4000. What are the average cost and marginal average cost functions, and what is the marginal average cost when we sell 77 widgets? The average cost function is C(x) 0.0012 0.08x+100+ 4000 = x The marginal average cost function is C'(x)=0.002x-0.08 - 4000 - 2 X If we're already making 77 widgets, by how much will our average cost per widget change if we increase production by one unit? $ 0.6006 (round to 4 decimal places if rounding is needed)