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A business that manufactures small alarm clocks has weekly fixed costs of $5000. The average cost per clock for the business to manufacture x clocks is described by
a. Find the average cost when
b. Like all other businesses, the alarm clock must be sold for at least $$ more than what it costs to manufacture. Due to competition form a larger company, the clocks can be sold for $$ each and no more. Our small manufacturer can only produce 2000 clocks weekly. Does this business have much of a future? Explain.
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Chapter 6 Solutions
Thinking Mathematically, Books a la Carte Edition plus MyLab Math with Pearson eText -- Access Card Package, 4/e (7th Edition)
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