Suppose total costs of running Awesometown Business Academy is given by C(x) = x

Question

Suppose total costs of running Awesometown Business Academy is given by C(x) = x2/2000 - 3.000x+10000 for i students enrolled in the Academy. Find the average cost per student enrolled to run Awesometown Business Academy, and simplify your answer. If each student pays $3000 in tuition, what is the revenue function R(x) for Awesome town Business Academy? Use parts a) and b) to write down the profit function P(x). Find the average profit of enrolling 6.000 students at ABA Find the marginal average profit of enrolling 6,000 students.

Explanation / Answer

A.)

Avg cost per student= total cost/ total students

=> C(x)/x = (x^2/2000 - 3000x + 10000)/x

B.)

C(3000) is to be calculated.

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