A cost function, C(x), is given below. Find the
average cost per item when the required number of items are
produced.
C(x)=28x+1300 50 items
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A cost function, C(x), is given below. Find the average cost per item when the required...
Q13. The cost in dollars of making x items is given by the function C(x)=10x+900. Parta) The fixed cost is determined when zero items are produced. Find the fixed cost for this item. Part b) What is the cost of making 25 items? Part ) Suppose the maximum cost allowed is $2400. What are the domain and range of the cost function. C(x)? Domain: Range:
The cost function for production of a commodity is C(x) = 335 + 24% - 0.05x2 + 0.0006x3. (a) Find C'(100) Interpret c'(100) This is the rate at which costs are increasing with respect to the production level when x = 100. This is the cost of making 100 items. This is the amount of time, in minutes, it takes to produce 100 items. This is the rate at which the production level is decreasing with respect to the cost...
Find the marginal average cost function if
cost and revenue are given by C(x)=158+3.6x and R(x)=4x−0.03x2.
The marginal average cost function is C′(x)= nothing.
Find the marginal average cost function if cost and revenue are given by C(x) = 158 + 3.6x and R(x) = 4x – 0.03x2. The marginal average cost function is '(x) = D.
Problem 1: A company produces an item at a per-unit cost of $1000 and a fixed cost of $50,000. The selling price is a linear function of number of items demanded as follows: p = 15,000 - 200x, x5 80 A. Find the per-unit selling price when the demand is 30. B. Find the revenue function and find the revenue when the demand is 30. C. Find the cost function and find the cost when the demand is 30. D....
For the given cost function C(x) = 52900 + 800x + 2? First, find the average cost function. Use it to find: a) The production level that will minimize the average cost Preview b) The minimal average cost Preview $
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...
When a company is producing 2000 items its average cost is $40.00 per item, and its marginal cost is $24.co per item. Calculate average cost if the compant increased production slightly to 2001 items. Does average cost increase or decrease if the company increases production ?
The total cost C for a manufacturer during a given time period is a function of the number N of items produced during that period. To determine a formula for the total cost, we need to know the manufacturer's fixed costs (covering things such as plant maintenance and insurance), as well as the cost for each unit produced, which is called the variable cost. To find the total cost, we multiply the variable cost by the number of items produced...
Given the cost function C(x) and the revenue function R(x), find the number of the units x that must be sold to break even. C(x)=1.4+4800 and R(x)=1.7x How many units must be produced and sold in order to break even?
2.If C(x) is the cost of producing x units of a commodity, then the average cost per unit is c(x) = C(x)/x. Consider the cost function C(x) given below. C(x) = 24,000 + 290x + 6x3/2 (a) Find the total cost at a production level of 1000 units. (Round your answer to the nearest cent.) $ (b) Find the average cost at a production level of 1000 units. (Round your answer to the nearest cent.) $ per unit (c) Find...