A company that manufactures running shoes has a fixedmonthly cost of $300,000. It costs
Chapter 3, Problem 100(choose chapter or problem)
A company that manufactures running shoes has a fixedmonthly cost of $300,000. It costs $30 to produce each pairof shoes. a. Write the cost function, C, of producing x pairs ofshoes.b. Write the average cost function, C, of producing x pairsof shoes.c. Find and interpret C(1000), C(10,000), and C(100,000).d. What is the horizontal asymptote for the graph of theaverage cost function, C? Describe what this representsfor the company.
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