# A company can produce LCD digital alarm clocks at a cost of \$2 each while fixed costs are \$16. Therefore, the company's cost function is C(x) = 2x + 16.(a) Find the average cost function AC(x) = c(x)/xAC(x) =   (b) Find the marginal average cost function MAC(x).MAC(x) =   (c) Evaluate MAC(x) at x = 40. (Round your answer to the nearest cent.)

Question

A company can produce LCD digital alarm clocks at a cost of \$2 each while fixed costs are \$16. Therefore, the company's cost function is

C(x) = 2x + 16.
(a) Find the average cost function
AC(x) = c(x)/x
AC(x) =

(b) Find the marginal average cost function
MAC(x).

MAC(x) =

(c) Evaluate
MAC(x)
at
x = 40.
Step 1

Given cost function is fc= 2x+16

Where x is LCD digital alarm clock

Step 2

For x=40

Cost of 40 LCD digital alarm clock

Step 3

Average cost funct...

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