The average cost function for the weekly manufacture of retro portable CD players is given by
C(x) = 160,000x−1 + 10 + 0.0001x
dollars per player,
where x is the number of CD players manufactured that week. Weekly production is currently 5,000 players and is increasing at a rate of 300 players per week. What is happening to the average cost? HINT [See Example 3.] (Round your answer to the nearest cent.)
The average cost is ( increasing or decreasing ) at a rate of $_______ per player per week.
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