Problem

A college purchased a high-speed copier for $35,000. The maintenance contract cost $2500 f...

A college purchased a high-speed copier for $35,000. The maintenance contract cost $2500 for the first year with an increase of $500 per year after that. The total cost of the copier and maintenance contract is C(x) = 35,000 + 2000x + 50Ox2.

a. Find the average cost of the copier per year for x years.


b. What is the average cost of the copier after 5 years? After 15 years?


c. Graph the average cost function on the interval [1, 20].


d. When should the copier be replaced?

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