Solve the problem.A company has fixed costs of $3100 and a marginal cost of $3.02 per unit. Find the average cost function (i.e. the average cost per unit to produce x units). What is the horizontal asymptote of the graph of the average cost function? What information is provided by the horizontal asymptote? 

What will be an ideal response?


(x) = 
The horizontal asymptote is y = 3.02. As the number of units increases, the average cost per unit approaches, but never reaches, $3.02.

Mathematics

You might also like to view...

Use the frequency polygon to answer the following.The frequency polygon shows the salaries of employees of a small company.The greatest number of employees are in which salary group?

A. $50,000-$60,000 B. $30,000-$35,000 C. $50,000-$55,000

Mathematics

Evaluate the expression x - y for the given values of the variables.x = -10, y = -13

A. 3 B. -23 C. -10 D. -3

Mathematics

Solve the equation. Use natural logarithms. When appropriate, give solutions to three decimal places unless otherwise indicated.eln 6x = eln(5x + 5)

A. {5}
B.
C.
D. {-5}

Mathematics

Find the quotient. If the quotient is a repeating decimal, write the answer with a bar over the repeating digit or digits.3.12 ÷ 1.2

A. 0.26 B. 3.6 C. 26 D. 2.6

Mathematics