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.

(Round your answer to the nearest cent.)Step 1

Given cost function is f_{c}= 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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