Suppose that the dollar cost of producing q appliances is c(q) = 1500 + 80q - 0.1q?. (a) Find the average cost per appliance of producing the first 150 appliances. (b) Find the marginal cost when 150 appliances are produced. ..... (a) The average cost per appliance of producing the first 150 appliances is S per applian (Round to the nearest cent as needed.)

Suppose that the dollar cost of producing q appliances is c(q) = 1500 + 80q - 0.1q?. (a) Find the average cost per appliance of producing the first 150 appliances. (b) Find the marginal cost when 150 appliances are produced. ..... (a) The average cost per appliance of producing the first 150 appliances is S per applian (Round to the nearest cent as needed.)

Managerial Economics: A Problem Solving Approach

5th Edition

ISBN:9781337106665

Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Chapter3: Benefits, Costs, And Decisions

Section: Chapter Questions

Problem 7MC

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