The Monthly Total Cost of Producing Clock Radios Is Given $\bar { C } ( x ) = \frac { x } { 34,000 + 29 x }$

question 239

Multiple Choice

The monthly total cost of producing clock radios is given by C(x) =34,000+29x , where x is the number of radios produced per month. Find the monthly average cost function.

• A) \(\bar { C } ( x ) = \frac { x } { 34,000 + 29 x }\)
• B) \(\bar { C } ( x ) = \frac { 34,000 + 29 x } { x }\)
• C) \(\bar { C } ( x ) = \frac { 34,000 + 29 } { x }\)
• D) \(\bar { C } ( x ) = x ( 34,000 + 29 x )\)

---

Definitions:

Real GDP

The measurement of a country's economic output adjusted for price changes (inflation or deflation), reflecting the true value of all goods and services produced.

Money Supply Curve

A graphical representation showing the relationship between the quantity of money in an economy and the level of interest rates.

Equilibrium Interest Rate

The interest rate at which the supply of funds (savings) equals the demand for funds (loans), resulting in market equilibrium.

Quantity of Money

The total amount of money in circulation or in existence within a specific economy.