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 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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