Microeconomics—Per Unit Cost: Suppose that the total cost of producing x of the E21 model...

Microeconomics—Per Unit Cost: Suppose that the total cost of producing x of the E21 model electric scooters is given by the cost function C(x ) = 22,500 + 7.35x. The cost to produce each scooter is given by the average cost function. For the E21 model scooters, the average cost is given by the function

where x represents the number of E21 scooters produced and AC(x) represents the average cost.

(a) Evaluate AC(10) and interpret.

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(b) Evaluate and interpret.