Nicolas has purchased a streaming audio service for $8.00 per month. As he now listens to more songs in a month, he spreads this fixed cost over a larger quantity, q. Derive an algebraic formula for his average fixed cost per song and draw it in a diagram. One of his friends says to Nicolas: “The more music you listen to the less you pay per song, so you should spend all your time listening to music.” What is wrong with this reasoning?
Nicolas has purchased a streaming audio service for $8.00 per month. As he now listens to more songs in a month, he spreads this fixed cost over a”
by | Mar 12, 2022 | Uncategorized
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