[See Steps] [Cost-Output - I] A printer quotes a price of $5000 for printing 1000 copies of a book and $13000 for printing 3000 copies. Assuming a linear
Question: [Cost-Output - I]
A printer quotes a price of $5000 for printing 1000 copies of a book and $13000 for printing 3000 copies. Assuming a linear relationship and that 2500 copies are printed:
- Find the equation relating the total cost C to q, the number of books printed.
- What is the variable cost?
- What is the fixed cost?
- What is the average variable cost ( i.e., variable cost per book)?
- What is the average cost?
- What is the marginal cost of the last book printed?
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