Chapter 13.3, Problem 37E

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11th Edition

Ronald J. Harshbarger + 1 other

ISBN: 9781305108042

Textbook Problem

** Cost** The cost of producing

(a) Use

(b) Find the average value of the cost function

**(a)**

To determine

**To calculate:** The average cost of producing

Explanation

**Given information:**

The provided Cost function is:

**Formula used:**

Average Cost:

The average Cost of producing

**Calculation:**

The provided function is:

Consider the formula:

Substitute

**(b)**

To determine

**To calculate:** The average value of the cost function

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