A company that manufactures running shoes has a fixed monthly cost of $300,000. It costs $30 to

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A company that manufactures running shoes has a fixed monthly cost of $300,000. It costs $30 to produce each pair of shoes.

a. Write the cost function, C, of producing x pairs of shoes.

b. Write the average cost function, C̅ of producing x pairs of shoes. 

c.image

d. What is the horizontal asymptote for the graph of the average cost function,C̅? Describe what this represents for the company.

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College Algebra

ISBN: 9780134453262

7th Edition

Authors: Robert F Blitzer

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