Question: The total cost equation for producing X widgets is given by TC = $1,000 + $6X. The average cost per widget for producing 500 widgets

The total cost equation for producing X widgets

The total cost equation for producing X widgets is given by TC = $1,000 + $6X. The average cost per widget for producing 500 widgets is closest to which of the following? a. S1,000 b. $6 c. $8 d. $4,000

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