Question

Torres Frog Supply manufactures wood frogs for Yard decorations. The expense function is E=$1.73q+15,440. find the average cost of producing one wood frog if 52,000 are produced.

Answer 1

The average cost of producing one wood frog when 52,000 are produced is $2.03.

Step-by-step explanation:

The average cost of producing one wood frog can be calculated by dividing the total cost by the quantity produced. In this case, the expense function is given as E = $1.73q + $15,440, where q is the quantity produced. To find the average cost for producing 52,000 wood frogs, we substitute q = 52,000 into the expense function:

Average cost = (Total cost) / (Quantity produced)

Average cost = (1.73 * 52,000 + 15,440) / 52,000

Average cost = $1.73 + ($15,440 / 52,000)

Average cost = $1.73 + $0.297

Average cost = $2.03

Therefore, the average cost of producing one wood frog when 52,000 are produced is $2.03.