Question: A company's average cost per unit when x units are produced is defined to be Average cost = Total cost x . Suppose a company's
A company's average cost per unit when x units are produced is defined to be
Average cost =
| Total cost |
| x |
.
Suppose a company's average costs are given by
Average cost =
| 5000 |
| x |
+ 35 + 0.6x.
(a) Express the average-cost formula as a single fraction. Average cost =
(b) Write the expression that gives the company's total costs. (Simplify your answer completely.)
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