Cogswell Cogs short-run cost function is: C(q, K) =
+ 15K, where q is the number of cogs produced and K is the amount of robot hours used. Currently, Cogs uses 16 robot hours to produce
300 cogs. What happens to the average total cost of producing 300 cogs if Cogswell increases robot hours to 25?

Question

Cogswell Cogs short-run cost function is: C(q, K) =  
+ 15K, where q is the number of cogs produced and K is the amount of robot hours used. Currently, Cogs uses 16 robot hours to produce
300 cogs. What happens to the average total cost of producing 300 cogs if Cogswell increases robot hours to 25?

Quizplus · Accepted Answer

The Answer of Cogswell Cogs short-run cost function is: C(q, K) =  
+ 15K, where q is the number of cogs produced and K is the amount of robot hours used. Currently, Cogs uses 16 robot hours to produce
300 cogs. What happens to the average total cost of producing 300 cogs if Cogswell increases robot hours to 25?

Cogswell Cogs Short-Run Cost Function Is: C(q, K) =