Average Cost Calculation for Widget Production

Hard Integrating Essential Skills Arithmetic

A factory produces widgets, and the production cost depends on the number of widgets made. The cost in dollars to produce $n$ widgets is given by the equation:

$$C(n) = 500 + 2n + 0.05n^2$$

What is the average cost per widget produced when the factory produces 100 widgets?

$ $6.00 $

$ $7.00 $

$ $8.00 $

$ $9.00 $

Hint

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