A manufacturer is capable of producing 5,000 units per day. There is a fixed (overhead) cost of

Question:

A manufacturer is capable of producing 5,000 units per day. There is a fixed (overhead) cost of $1,500 per day and a variable cost of $2 per unit produced.

a. Express the daily cost C(x) as a function of the number of units produced, and sketch the graph of C(x).

b. Find the average daily cost AC(x). What is the average daily cost of producing 3,000 units per day?

c. Is C(x) continuous? If not, where do its discontinuities occur?

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

Step by Step Answer:

Related Book For answer-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 23, 2023 03:55 AM

See More Questions

Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
Diana has recently followed a course in furniture making and has decided to set up her own workshop from which she will be producing wooden chairs. She starts renting a small workshop at an annual...
Phil Clark Jr., president of Waterways, was very pleased with how adopting a CVP approach to reporting operating income was helping management to make good business decisions with respect to...
Research about the competitive and comparative advantage of the Argentina in terms of physical and human resources and how it is making use of these resources for international trade purpose. 3....
As reported by tradingeconomics.com on September 2, 2012, the unemployment rates (in %) in major economies around the world are as follows: CountryUnemployment Rate (in %) Australia...........5.2...
The average college student produces 640 pounds of solid waste each year. If the standard deviation is approximately 85 pounds, within what weight limits will at least 88.89% of all studentsgarbage...
In 2004, Jui-Chen Lin, a citizen of China, entered into an agreement with Robert Chiu and Charles Cobb, citizens of the United States, to form an LLC to acquire and operate a fast-food restaurant in...
Preparing an inventory purchases budget and schedule of cash payments Spratt, Inc., sells fireworks. The company's marketing director developed the following cost of goods sold budget for April, May,...
3. Assume that the web-hosting service industry is pertectly competitive and that all web-hosting service providers are identical. Also assume that web-hosting services occur at datacenters that...
Graph the function Find the x and y intercepts. For what values of x is this function defined? f(x) = 3x - 1 - x 10 - 2.
During the summer, a group of students builds kayaks in a converted garage. The rental for the garage is $1,500 for the summer, and the materials needed to build a kayak cost $125. The kayaks can be...
Clever, Inc., is a car manufacturer. Its 2008 income statement is as follows: Clever, Inc.Income Statement For the Year Ended December 31, 2008 Sales...
Q1) The shape given in the figure below is located on Frame A with an offset of 2m on ya-axis and the circle M is located on the middle of the surface of the shape. Zc X Yc+ C Za 5m A Xc Va 2m 1m Xb...
dynamics a Write the first law of thermody in differential form Q = du +dw by calculating du and the work tw for a photon gas, (Do not over think otw !)
4.55 Calculate the force in the cable for the structure shown. Problem 4.55 A 5 Cable 12 25'-0" 9'0" 15'-0" 300 kips
A 2.0 g sample of a salt mixture (containing Na3PO4 and BaCl2.2H2O) is added to water and 0.60 g of Ba3(PO4)2 precipitate forms. Tests .revealed that BaCl2.2H2O is the limiting reactant 2Na3PO4(aq) +...
1. A student determines the freezing point of a solution of 0.92 g of unknown in 23.78 g of t-butyl alcohol. He obtains the following time and temperature readings (times are in minutes, temperatures...
A stockbroker, Richard Smith, has just received a call from his most important client, Ann Hardy. Ann has $50,000 to invest and wants to use it to purchase two stocks. Stock 1 is a solid blue-chip...
Solve each equation or inequality. |6x8-4 = 0
Determine whether each statement is true or false, and explain why. The derivative of (x) = log x is (x) = 1/x.
Determine whether each statement is true or false, and explain why. The derivative of (x) = x 4 is (x) = 4x 3 .
Determine whether each statement is true or false, and explain why. The derivative of (x) = x 2 (3x - 7) is (x) = 2x 3 = 6x.
What is the PE ratio at 12/31/23? How will you raise the $15 million needed? Show your calculations. Falls Co. Balance Sheet 12/31/2023 - Before Financing (000s) Current Assets 30,000 Current...
In Java Please Suppose that we want to perform the first partition of quicksort on the array 55-77- 22-11-66-99-44-33-88, with 55 as the pivot. Following the steps of the Quicksort example in the...
Your firm is considering an investment in a new one-year project. The project requires an initial investment of $10,000. Based on the probabilities below, the project is expected to produce the...

A manufacturer is capable of producing 5,000 units per day. There is a fixed (overhead) cost of

Question:

Step by Step Answer:

a The fixed cost is 1500 and the cost per unit is 2 so the cost is Cx 1500 2x for ...View the full answer

Calculus For Business, Economics And The Social And Life Sciences

Students also viewed these Mathematics questions