A manufacturer estimates that it costs $75 to produce each unit of a particular commodity. The fixed

Question:

A manufacturer estimates that it costs $75 to produce each unit of a particular commodity. The fixed overhead is $4,500.

a. Express the total cost of production as a function of the number of units produced, and sketch the graph.

b. Find the average cost function AC(x). What is the average cost of producing 50 units?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Calculus For Business, Economics And The Social And Life Sciences

ISBN: 9780073532387

11th Brief Edition

Authors: Laurence Hoffmann, Gerald Bradley, David Sobecki, Michael Price

See More Books

Question Posted: May 22, 2023 05:56 AM

Rafael estimates that it costs $14 to produce each unit of a particular commodity that sells for $23 per unit. There is also a fixed cost of $1,200. a. Express the cost C(x), the revenue R(x), and...
]Auckland Electronic manufacture produces breaks for car manufacturing industry. A special circuit PB12 is required for the break. The PB12 is produced in the Circuit Division and then transferred to...
A manufacturer estimates that the cost of a production run for a product is Where x is the number of machines used. (a) Graph this total cost function for values of x ( 0. (b) Interpret any turning...
Let f: RR be a differentiable function such that its derivative f' is continuous and f(n) = 6. If F: [0, 1 by F(x) = f(t)dt, , and if ] R is defined (f'(x)+F(x)) cosx dx = 2 0 then the value of f(0)...
Craig owns a home with a replacement cost of $200,000 that is subject to a $100,000 mortgage held by First Federal as the mortgagee. Craig has the home insured for $160,000 under the HO-3 policy, and...
Solve each system. If a system is inconsistent or has dependent equations, say so. 3x - y = -8 2x + = 3
Troubleshooting charts are an excellent tool and should be used in what context?
Bruce Albea Contracting, Inc., was the general contractor on a state highway project. Albea and the companies that agreed to guarantee the financial liabilities involved here (called sureties) agreed...
A figure skater begins spinning counterclockwise at an angular speed of 3.1 rad/s. During a 4.2 s interval, she slowly pulls her arms inward and finally spins at 7.2 rad/s. What is her average...
In Exercises 39 through 42, complete the table by evaluating f(x) at the specified values of x. Then use the table to estimate the indicated limit or show it does not exist. - f(x) = X f(x) +1 x - 1...
In Exercises 29 through 42, list all the values of x for which the given function is not continuous. f(x) = [2 - 3x x2x + 3 - x + 3 if x -1 if x > -1
You have been selected to represent the student body on a project to develop a new student database for your school. What is the first step in developing the database? What actions might you take to...
Explain the ethical principle of organization ?
Find the derivative fo for y= -2x
9) Consider the timing of the profits of the following certain investment projects: Time 1 Time 2 Project L $0 $3,000 Profit C) Project S is preferred to Project L. D) Projects S and L are equally...
why should a firm be a role model for ethical behavior to its employees? Explain
A firm has to pay a dividend of $ 1 . 2 0 per share till perpetuity, a zero growth rate of dividends, and a required return of 1 0 percent. The value of the firm's preferred stock is....... _ _ _ _ _
Consider a probability sample S of n observation units from a population U of N observation units. The weights are wi =1/i, where i is the probability that unit I is in the sample. Now let S2 be a...
Carlton Stokes owns and operates a car-detailing business named SuperShine & Detailing. For $150, Carltons business will hand wash and wax customers cars, vacuum the interior, and thoroughly clean...
Solve equation. 1/2 = (b/4) 1/4
Salmonella bacteria are a common cause of food poisoning. A recent study found that the bacteria grow exponentially in rats and double in size every 5 hours. (a) Suppose a rat initially had 10,000...
Solve equation. (9/16) x = 3/4
For the following case studies below, determine the primary diagnosis, secondary diagnosis (if needed), and coding rationale based on the information provided in each. Select the appropriate ICD10 CM...
The following financial information was taken from the books of Zone Health Club, a small spa and fitness club: Account Balances as of Accounts receivable December 31, Year 2 $25,800 Accounts payable...
Suppose a giant human grows each year a random amount whose average is 49cm and whose standard deviation is 30cm. If the amount grown each year is independent of every other year, what's the...

A manufacturer estimates that it costs $75 to produce each unit of a particular commodity. The fixed

Question:

Step by Step Answer:

a Producing x units cos...View the full answer

Calculus For Business, Economics And The Social And Life Sciences

Students also viewed these Mathematics questions