Average Cost

Question

A firm’s average production costs (AC) are given by the expression
AC = 450q⁻¹ + 0.2q^1.5
where q is output. What will AC be when output is 175?

Answer 1

AC = 450q^-1 + 0.2q^1.5

AC = 450(175^-1) + 0.2(175^1.5)

AC ≈ 450(0.005714) + 0.2(2315.032)

 

Can you calculate AC?