Question: PLEASE HELP! Consider the following cost function. a. Find the average cost and marginal cost functions. b. Determine the average and marginal cost when x

 PLEASE HELP! Consider the following cost function. a. Find the average

PLEASE HELP!

cost and marginal cost functions. b. Determine the average and marginal cost

Consider the following cost function. a. Find the average cost and marginal cost functions. b. Determine the average and marginal cost when x = a. c. Interpret the values obtained in part (b). C(x)='1'600 + 0.1x, 0 s x s 5000, a = 2700 a. The average cost function is C(x) = [:I. ' The marginal cost function is C'(x) = D. b. The average cost when x = 2700 is $1: (Round to two decimal places as needed.) The marginal cost when x== 2700 is $[:l per item. (Round to two decimal places as needed.) c. The average cost per item is about $D' when E items are produced. (Round to two decimal places as needed.) The cost of producing the 2701st item is $D. (Round to two decimal places as needed-)

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