A company manufacturing laundry sinks has fixed costs of $100 per day but has total costs of $2,500 per day when producing 15 sinks. The company has a daily demand function of q = 360 − p, where q is the number if laundry sinks demanded and p is te price of a laundry sink.
(b) Find a function for the average cost of this company?
Already registered? Login
Not Account? Sign up
Enter your email address to reset your password
Back to Login? Click here