Concept explainers
Cost The inventor of a new game believes that the variable cost for producing the game is $2.89 per unit. The fixed cost is $8000.
(a) Express the total cost C as a function of x, the number of games sold.
(b) Find a formula for the average cost per unit
(c) The selling price for each game is $6.89. How many units must be sold before the average cost per unit falls below the selling price?
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