Answer to Question #234995 in Microeconomics for Joy

Question #234995

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

Expert's answer

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}"

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