Find the average cost per unit when they produce 100 units. The cost function1,000C(x) = 15,000 + 60x +gives the cost in dollars to produce x units of a commodity.a. Find the marginal cost when the production level is x = 100 units.When they produce 100 units, the marginal costs is 59.9dollars per unitIn other words, the approximate cost to produce the 101st unit is 59.9dollars.b. Find the average cost per unit when they produce 100 units.When they produce 100 units, the average cost per unit is:X dollars.Enter a number.c. Fill in the blanks: Since the marginal cost isless thanthe average cost per unit, increasing production from 100 units will cause the average cost per unit todecrease.

Name: Find the average cost per unit when they produce 100 units. The cost f
Uploaded: 2024-03-05T11:52:21.000Z
Channel: Bartleby
Description: Find the average cost per unit when they produce 100 units. The cost function1,000C(x) = 15,000 + 60x +gives the cost in dollars to produce x units of a commodity.a. Find the marginal cost when the production level is x = 100 units.When they produce