Reduce All Fractions to Their Simplest Forms

question 5

Short Answer

Reduce all fractions to their simplest forms. Convert all improper fractions to mixed numbers. Provide answers in the following format:
Fraction: 3/4
Mixed number: 1 5/8
-Three sections of steel bar, each 2 3/4" long, are welded together. The finished piece is cut into 5 equal parts. What is the length of each new piece, in inches? Disregard cut waste.

---

Definitions:

Marginal Cost Curve

A graphical representation illustrating the change in total cost that arises when the quantity produced changes by one unit.

Average Total Cost

The total cost of production divided by the quantity produced, representing the per unit cost of production.

Average Total Cost

Average Total Cost is the total cost of production divided by the total quantity produced, reflecting the cost per unit of output.

Average Fixed Cost

This is the total fixed costs of production divided by the number of units produced, reflecting how these costs spread out over the output.