Asked by
Diamond Cintron
on Oct 14, 2024
Verified
suppose that a new alloy is invented which uses copper and zinc in fixed proportions where 1 unit of output requires 3 units of copper and 3 units of zinc for each unit of alloy produced.If no other inputs are needed, the price of copper is $4, and the price of zinc is $5, what is the average cost per unit when 4,000 units of the alloy are produced?
A) $1.33
B) $14.17
C) $1,333.33
D) $27
E) $14,166.67
Average Cost
The cost per unit, determined by dividing the total production costs by the quantity of units produced.
Copper
A metal element with high thermal and electrical conductivity, often used in electrical wiring and construction materials.
Zinc
A chemical element with the symbol Zn and atomic number 30, known for its corrosion-resistant properties and wide use in galvanization and alloys.
- Ascertain the mean cost for every unit of production.
Verified Answer
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Learning Objectives
- Ascertain the mean cost for every unit of production.
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