Work these problem. (See Example.)
17. The total cost (in dollars) of producing x college algebra books is C(x) = 42.5x + 80,000.
(a) What are the fixed costs?
(b) What is the marginal cost per book?
(c) What is the total cost of producing 1000 books? 32,000 books?
(d) What is the average cost when 1000 are produced? When 32,000 are produced?
Example
An electronics company manufactures handheld PCs. The cost function for one of its models is C(x) = 160x + 750,000.
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