Microeconomics—Per Unit Cost: Suppose that the total cost of producing x of the E25 model electric scooters is given by the cost function C(x) = 33,125 + 6.38x. The cost to produce each scooter is given by the average cost function. For the E25 model scooters, the average cost is given by the function
where x represents the number of E25 scooters produced and AC(x) represents the average cost.
(a) Evaluate AC (10) and interpret.
(b) Evaluatend interpret.
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