Suppose a company is producing q(1) phones and q(2) computers. The cost function of the company is 1000+70q(1)+80q(2). Assume that the ratio of production quantities q(1) and q(2) is 1:1. (The production ratio is the same for phones and computers.) Derive the Ray Average Cost. What is the average cost if total production (Q) is 100?

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Suppose a company is producing q(1) phones and q(2) computers. The
cost function of the company is 1000+70q(1)+80q(2). Assume that the
ratio of production quantities q(1) and q(2) is 1:1. (The production
ratio is the same for phones and computers.) Derive the Ray Average
Cost. What is the average cost if total production (Q) is 100?

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