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A manufacturer of office supplies has daily production costs
of:
C(x)= .5x^2 - 20x + 1600...
11. A soft-drink manufacturer has a daily production cost of C 70,000- 12x + 0.055x2 where...
11. A soft-drink manufacturer has a daily production cost of C 70,000- 12x + 0.055x2 where C is the total cost in dollars and x is the number of units produced. How many units should they produce each day to yield a minimum cost? 12. Write the standard form of the quadratic function whose graph is a parabola with a) The given vertex (-2, 8) and y-intercept Y-7 b) The given vertex (-2, -2) and a point (-1, 0)
Brigette Cole has a taco stand. She has found that her daily costs are approximated by...
Brigette Cole has a taco stand. She has found that her daily costs are approximated by C(x)=x^2-40x+610 where C(x) is the cost, in dollars, to sell x units of tacos. Find the number of units of tacos she should sell to minimize her costs. What is the minimum cost? Reply to this Discussion with your solution of the problem and explanation how the final answer is obtained.
A woman has a taco stand. She found that her daily costs are approximated by CIX)=x?...
A woman has a taco stand. She found that her daily costs are approximated by CIX)=x? - 40x+630, where Cix) is the cost, in dollars, to sell x units of tacos. Find the number of units of tacos should se to minimize her couts What is the minimum cost? The amber of units of tacon she thould sell to minimize her costs is The minimum cont is $ Enter your answer in each of the answer boxes Type here to...
A division of Ditton Industries manufactures a deluxe toaster oven. Management has determined that the daily...
A division of Ditton Industries manufactures a deluxe toaster oven. Management has determined that the daily marginal cost function associated with producing these toaster ovens is given by C'(x) = 0.0003x^2 - 0.12x + 23 where C'(x) is measured in dollars/unit and x denotes the number of units produced. Management has also determined that the daily fixed cost incurred in the production is $800. Find the total cost incurred by Ditton in producing the first 300 units of these toaster...
Question 10 3 pts Cost Analysis A small machine shop manufactures drill bits used in the...
Question 10 3 pts Cost Analysis A small machine shop manufactures drill bits used in the petroleum industry. The manager estimates that the total daily cost (in dollars) of producing X bits is the cost function ... C(X) = 1600 +0.2X2 where X is the number of bits produced and $1600 is the daily fixed cost and $0.2X is the variable cost per unit. The manager has set a production goal to produce the number of bits per day which...
A firm has monthly average costs, in dollars, given by c-40,000 + 100 x where x...
A firm has monthly average costs, in dollars, given by c-40,000 + 100 x where x is the number of units produced per month. The firm can sell its product in a competitive market for that gives maximum profit. 2000 per unit. If production is limited to 300 units per month, find the number of units units Find the maximum profit. Need Help? Read ItWatch Talk to a Tutor
calc problem
1-Suppose the total cost function for manufacturing a certain product is c(x)=.2(0.01x^2+120) dollars where x represent the number of units produced. Find the level ofproduction that will minimize the average cost. Show your calculus. Round to the nearest integer. You can use either the first derivative test or the second derivativetest to show this is a minimum.2- The daily total cost (in dollars) incurred by Trappee and Sons for producing x cases of Texa Pep hot sauce is given by...
Graphs of the cost C(x), revenue R(x) and the profit P(x), in thousands of dollars, are...
Graphs of the cost C(x), revenue R(x) and the profit P(x), in thousands of dollars, are shown, where x is the number of thousands of items produced. (a) Use the graph to find the formula for the revenue R(x). (b) The profit is given by P(x) = – x2 + 15x² - 27x- 50. What is the formula for the cost function C(x)? (c) Report the fixed costs. (d) Report the minimum marginal cost. (e) What is the largest profit...
A division of Ditton Industries manufactures a deluxe toaster oven. Management has determined that the daily marginal cost function associated with producing these toaster ovens is given by
C '(x) = 0.0003x2 − 0.18x + 21where C '(x) is measured in dollars/unit and x denotes the number of units produced. Management has also determined that the daily fixed cost incurred in the production is $800. (a) Find the total cost incurred by Ditton in producing the first 300 units of these toaster ovens per day.(b) What is the total cost incurred by Ditton in producing the 201st through 300th units/day?
3. (5 points) Consider a manufacturing company whose daily production output (number of daily produced goods)...
3. (5 points) Consider a manufacturing company whose daily production output (number of daily produced goods) is described by the Cobb-Douglas production function 20x1/2,1/2, where x is the number of units of labour (number of working hours) and y is the number of units expended on capital (number of machine hours). A unit of labour costs $10 (hourly wage is $10) and a unit of capital costs $40 (cost per machine hour is $40). (a) (2 points Assume that the...
11. A soft-drink manufacturer has a daily production cost of C 70,000- 12x + 0.055x2 where C is the total cost in dollars and x is the number of units produced. How many units should they produce each day to yield a minimum cost? 12. Write the standard form of the quadratic function whose graph is a parabola with a) The given vertex (-2, 8) and y-intercept Y-7 b) The given vertex (-2, -2) and a point (-1, 0)
Brigette Cole has a taco stand. She has found that her daily costs are approximated by C(x)=x^2-40x+610 where C(x) is the cost, in dollars, to sell x units of tacos. Find the number of units of tacos she should sell to minimize her costs. What is the minimum cost? Reply to this Discussion with your solution of the problem and explanation how the final answer is obtained.
A woman has a taco stand. She found that her daily costs are approximated by CIX)=x? - 40x+630, where Cix) is the cost, in dollars, to sell x units of tacos. Find the number of units of tacos should se to minimize her couts What is the minimum cost? The amber of units of tacon she thould sell to minimize her costs is The minimum cont is $ Enter your answer in each of the answer boxes Type here to...
A division of Ditton Industries manufactures a deluxe toaster oven. Management has determined that the daily marginal cost function associated with producing these toaster ovens is given by C'(x) = 0.0003x^2 - 0.12x + 23 where C'(x) is measured in dollars/unit and x denotes the number of units produced. Management has also determined that the daily fixed cost incurred in the production is $800. Find the total cost incurred by Ditton in producing the first 300 units of these toaster...
Question 10 3 pts Cost Analysis A small machine shop manufactures drill bits used in the petroleum industry. The manager estimates that the total daily cost (in dollars) of producing X bits is the cost function ... C(X) = 1600 +0.2X2 where X is the number of bits produced and $1600 is the daily fixed cost and $0.2X is the variable cost per unit. The manager has set a production goal to produce the number of bits per day which...
A firm has monthly average costs, in dollars, given by c-40,000 + 100 x where x is the number of units produced per month. The firm can sell its product in a competitive market for that gives maximum profit. 2000 per unit. If production is limited to 300 units per month, find the number of units units Find the maximum profit. Need Help? Read ItWatch Talk to a Tutor
Graphs of the cost C(x), revenue R(x) and the profit P(x), in thousands of dollars, are shown, where x is the number of thousands of items produced. (a) Use the graph to find the formula for the revenue R(x). (b) The profit is given by P(x) = – x2 + 15x² - 27x- 50. What is the formula for the cost function C(x)? (c) Report the fixed costs. (d) Report the minimum marginal cost. (e) What is the largest profit...
3. (5 points) Consider a manufacturing company whose daily production output (number of daily produced goods) is described by the Cobb-Douglas production function 20x1/2,1/2, where x is the number of units of labour (number of working hours) and y is the number of units expended on capital (number of machine hours). A unit of labour costs $10 (hourly wage is $10) and a unit of capital costs $40 (cost per machine hour is $40). (a) (2 points Assume that the...
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