Question: A manulacturer has determined the marginal-cost function doldq below, where q is the number of units produced. If marginal cost is $70.00 when q=50 and

A manulacturer has determined the marginal-cost function doldq below, where q is the number of units produced. If marginal cost is $70.00 when q=50 and foed costs are $4000, what is the average cost of producing 200 units?dodo=0.012q2-0.8q80The average cost of producing 200 units is ?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!