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MBA, Ph.D in Management
Harvard university
Feb-1997 - Aug-2003
Professor
Strayer University
Jan-2007 - Present
A company can produce LCD digital alarm clocks at a cost of $5 each while fixed costs are $32. Therefore, the company's cost function is C(x) = 5x + 32.
(a) Find the average cost function AC(x) = C(x)
x
.
Â
AC(x) =Â Â Â Â
Â
Â
(b) Find the marginal average cost function MAC(x).
Â
MAC(x) =Â Â Â Â
Â
Â
(c) Evaluate MAC(x)
 at x = 40.
 (Round your answer to the nearest cent.)
Â
Â
Interpret your answer.
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