​If the Total Cost Function for a Product Is

question 111

Multiple Choice

​If the total cost function for a product is dollars.Find the minimum average cost. ​

• A) ​$14.25 per unit
• B) $​18 per unit
• C) ​$14.36 per unit
• D) ​$14 per unit
• E) ​$13 per unit

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Definitions:

Implied Warranty of Fitness

An assurance, typically not expressly stated, that a product will be suitable for its intended purpose.

Particular Purpose

A specific objective or requirement for which goods or services are intended or needed, as expressed in a contract.

Lessee

A person or entity who leases or rents property from another, known as the lessor.

Merchant

A merchant is an individual or company involved in the wholesale or retail trade of goods or services.