The inventor of a new game believes that the variable cost for producing the game is $0.95 per unit and the fixed costs are $4,700. The inventor sells each game for $1.99. Let x be the number of games produced. (a) The total cost for a business is the sum of the variable cost and the fixed costs. Write the total cost C as a function of the number of games produced. C- (b) Write the average cost per unit C- as a function of x.
The inventor of a new game believes that the variable cost for producing the game is $0.95 per unit and the fixed costs are $4,700. The inventor sells each game for $1.99. Let x be the number of games produced. (a) The total cost for a business is the sum of the variable cost and the fixed costs. Write the total cost C as a function of the number of games produced. C- (b) Write the average cost per unit C- as a function of x.
Chapter2: Functions And Their Graphs
Section2.2: Functions
Problem 68E: Average Cost The inventor of a new game believes that the variable cost for producing the game is...
Related questions
Question
Average cost per unit
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 2 images
Recommended textbooks for you
Trigonometry (MindTap Course List)
Trigonometry
ISBN:
9781337278461
Author:
Ron Larson
Publisher:
Cengage Learning
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Trigonometry (MindTap Course List)
Trigonometry
ISBN:
9781337278461
Author:
Ron Larson
Publisher:
Cengage Learning
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Algebra for College Students
Algebra
ISBN:
9781285195780
Author:
Jerome E. Kaufmann, Karen L. Schwitters
Publisher:
Cengage Learning