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Write the Word or Phrase That Best Completes Each Statement $800\$ 800

Question 153

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Write the word or phrase that best completes each statement or answers the question.
-A company has fixed costs of $800\$ 800 and the linear cost function is C(x)=12x+800C(x)=12 x+800 . Which do you think is larger, the average cost per item of producing nn items or the marginal cost given that n\mathrm{n} items have been produced? Explain your thinking. Under what conditions would the marginal cost and the average cost per item be the same?

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The average cost per item is larger than...

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