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A company is planning to manufacture snowboards. The fixed costs are $100 per day and total cost are $5700 per day at a daily output of 20 boards

A. Assuming that the total cost per day, c(X), is linearly related to the total output per day, x, write an equation for the cost function

B. The average cost per board for an output of Xboards is given. Find the average cost function.

C. sketch a graph of the average cost function, including any asymptotes, for 1 is less than or equal to X and 30 is greater than or equal to

D. What does the average cost per board tend to as production increases?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91376135

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