A company manufacturing radios has a fixed cost of $450 and a variable cost of $

Question

A company manufacturing radios has a fixed cost of $450 and a variable cost of $200 per radio. Assume that the total cost for producing x radios is linear. Determine the Cost function, C(x): (Points : 1) A company manufacturing radios uses a total revenue function, R(x), given by: R(x) = -7x^2 + 11x -21 , where x is the number of radios produced. Determine the Average Revenue function: (Points : 1) A company manufacturing radios has an average cost function given by: C(x) = 175 + 205/x , where x is the number of radios produced. What does the Average Cost tend to as production increases? (Points : 1)

Explanation / Answer

1. B 200x+450

2 . C

3 .A

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