Question

Given the following cost function: C(q) = - 8+30q+5, find AC

Answer 1

 Cost function: $C(q) = -8 + 30 q + 5$

Average Cost: $AC = \frac{C(q)}{q}$

$AC = \frac{-8}{q} +\frac{30q}{q} + \frac{5}{q}$

$AC = \frac{-8}{q} + 30 + \frac{5}{q}$