Entered Answer Preview Result 100 correct 100 4.5 correct 4.5 0.0045 incorrect 0

Question

Entered Answer Preview Result 100 correct 100 4.5 correct 4.5 0.0045 incorrect 0.0045 At least one of the answers above is NOT correct (1 pt) The monthly cost function, in dollars, for a coffee maker factory is C()where xt is the number of coffee makers produced. The financial model used by management predicts that C(1000) = 4500 and C(1000) How much would you expect monthly cost to increase if production were increased from 1000 to 1010 coffeemakers? C ~1 100 dollars Find the average cost per coffee maker at a production level of 1000 coffeemakers per month. AC(1000) =1 4.5 dollars per coffee maker Find the marginal average cost at a production level of 1000 coffee makers. MAC( 1000) = .0045

Explanation / Answer

The Marginal average cost at a production level of 1000 coffee makers is given by

MAC(1000) = C'(1000) = 10

That is, MAC(1000) = 10

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