Question: 1)Form a linear cost function for the following situation. A ski resort charges a snowboard rental fee of $40 plus $3.25 per hour. C(t)=?t+? 2)Assume
1)Form a linear cost function for the following situation. A ski resort charges a snowboard rental fee of $40 plus $3.25 per hour.
C(t)=?t+?
2)Assume that the situation can be expressed as a linear cost function. Find the cost function in this case. Marginalcost: $20; 190 items cost $6000 to produce.
The linear cost function is C(x)=?.
3)Joanne sellssilk-screened T-shirts at community festivals and craft fairs. Her marginal cost to produce oneT-shirt is $2.50. Her total cost to produce 70 T-shirts is $255, and she sells them for $7 each.
a. Find the linear cost function forJoanne's T-shirt production.
b. How manyT-shirts must she produce and sell in order to breakeven?
c. How manyT-shirts must she produce and sell to make a profit of $800
_________The linear cost function is C(x)=?.
4)The manager of a restaurant found that the cost to produce 100 cups of coffee is $10.52, while the cost to produce 500 cups is $47.32. Assume the costC(x) is a linear function ofx, the number of cups produced. Answer parts a through f.
Find a formula forC(x). Choose the correct answer below.
C(x)= ?
5)To produce x units of a religious medal costs
C(x)=15x+16. The revenue is R(x)=23x. Both cost and revenue are in dollars.
a. Find thebreak-even quantity.
b. Find the profit from 470 units.
c. Find the number of units that must be produced for a profit of $80.
_________ units are thebreak-even quantity.
6)A firm produces a product that has the production cost function C(x)=140x+2030 and the revenue function R(x)=175x. No more than 74 units can be sold. Find and analyze thebreak-even quantity, then find the profit function.
Thebreak-even quantity is ? units.
7)Use the formula C=59(F32) for conversion between Fahrenheit and Celsius to convert each temperature.
a.41F to Celsius
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