For the Function $f ( t ) = \frac { 2 } { t } - 2$

question 6

Essay

For the function $f ( t ) = \frac { 2 } { t } - 2$ determine the average rate of change between the values $t = a$ and $t = a + h$ .

---

Definitions:

Average Total Cost

The total cost of production (fixed and variable costs combined) divided by the number of units produced, representing the per-unit cost of production.

Marginal Cost

The increase in cost resulting from the production of one additional unit of a good.

Total Cost Curve

A graphical representation showing the total cost of producing varying quantities of output, typically sloping upwards as output increases.

Average Total Cost

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