Provide an Appropriate Response

question 26

Multiple Choice

Provide an appropriate response.
-The total cost, in dollars, of producing x cell phones is approximated by the function Find the minimum average cost.

• A) The minimum average cost is $75 when x = 875 cell phones.
• B) The minimum average cost is $875 when x = 75 cell phones.
• C) The minimum average cost is $74 when x = 20 cell phones.
• D) The minimum average cost is $10 when x = 100 cell phones.

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Definitions:

Engine Parts Company

A company specializing in the manufacture, distribution, or sale of components used in the construction or repair of engines.

Sherman Act

A landmark federal statute in the field of United States antitrust law passed by Congress in 1890 which prohibits monopolistic and anti-competitive practices.

Per Se Violation

An action that is inherently illegal, regardless of intent or the circumstances surrounding the action.

Market Division

An anti-competitive agreement in which competing companies divide markets among themselves, specifying which customers or territories each will serve.