Answered: A cost function, Cix), is given below.…

A cost function, Cix), is given below. Find the average cost per item when the required number of iteros are produced. C(x)=22x+1200, 1000 items What is the average cost per item? $23.20

Economics For Today

10th Edition

ISBN:9781337613040

Author:Tucker

Publisher:Tucker

Chapter7: Proudction Costs

Section: Chapter Questions

Problem 15SQ

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Question

A cost function, Cix), is given below. Find the average cost per item when the required number of iteros are produced.
C(x)=22x+1200, 1000 items
What is the average cost per item?
$23.20

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