Question: If the cost for manufacturing table saws is C(x) = 72,000+ 60x, answer the following questions. a. What is the average cost function for

If the cost for manufacturing table saws is C(x) = 72,000+ 60x,

If the cost for manufacturing table saws is C(x) = 72,000+ 60x, answer the following questions. a. What is the average cost function for manufacturing x table saws? C(x) = C(x) X b. Find C(2000)and write an interpretation of this number. C(2000) = X c. Write the marginal average cost function for the manufacture of table saws. C'(x) = d. FindC (2000)and write an interpretation of this number. C'(2000) =

Step by Step Solution

★★★★★

3.38 Rating (145 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Date Solo Given Cx 72000 60 x x 60 It b c2000 72000 2... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!

1 ) Financial Statements: Develop an Income Statement for 20XX, Cash Flow Statement for 20XX, and Balance Sheet as of the end of 20XX based on the data provided below for year 20XX. All sales are...

The data shown in Table 10E.9 are concentration readings from a chemical process, made every 30 minutes (read down, then across from left to right). (a) Calculate the sample autocorrelation function...

A RSS Clothing manufacturer makes two types of jogging pants, design A and design B. The design A jogging pants sells to the retail stores for 2,500each and the design B jogging pants for 2,100. The...

KYC's stock price can go up by 15 percent every year, or down by 10 percent. Both outcomes are equally likely. The risk free rate is 5 percent, and the current stock price of KYC is 100. (a) Price a...

Assume you are running a business and must manufacture a product to sell. For this assignment, you will need to create a product and document the relevant costs. That means you will need to gather...

You have recently been hired by Goff Computer, Inc. (GCI), in the finance area. GCI was founded eight years ago by Chris Goff and currently operates 74 stores in the Southeast. GCI is privately owned...

You have recently been hired by Swan Motors, Inc. (SMI), in its relatively new treasury management department. SMI was founded 8 years ago by Joe Swan. Joe found a method to manufacture a cheaper...

Here is a reformulated income statement for the Coca-Cola Company for 2007 (in millions): Sales .................... $ 28,857 Cost of sales ................ 10,406 Gross margin ............... 18,451...

Examine the issue of potentially outsourcing legal services to another country. Write an analysis that addresses the following questions: What are some of the variables associated with outsourcing...

Conduct a research on the following philosophical approaches to ethics sometimes referred to as "straw men." Some ethics scholars consider these approaches as exemplifying the inherent challenges in...

Analyze the following case study on "Leadership Mettle Forged in Battle". Then, write an essay to answer the following questions: What is your original definition of leadership? What kind of leader...

Determine the filing status in each of the following situations: a. Angela is single for most of the year. She marries Tim on December 30. b. Earl is divorced during the current year. Their son lives...

To form a reinforced box section, two rolled W sections and two plates are welded together. Determine the moments of inertia and the radii of gyration of the combined section with respect to the...

Question 3 Which of the following taxpayers qualifies for the Additional Child Tax Credit? ( All are U . S . citizens, lived in the United States for more than six months, and have valid social...

On January 1, 2011, Boston Company completed the following transactions (use a 7 percent annual interest rate for all transactions): a. Borrowed $115,000 for seven years. Will pay $8,050 interest at...

The Marino Repair Shop repairs and services machine tools. A summary of its costs (by activity) for 2009 is as follows: 1. Classify each cost as value-added, non-value-added, or in the gray area in...

The concentration of potassium K+ ions in the internal sap of a plant cell (for example) a fresh water alga) may exceed by a factor of l04 the concentration of K+ ions in the pond water in which the...

Effects of differing production levels on absorption costing income. Metrics to minimize inventory buildups. Effects of differing production levels on absorption costing income: Metrics to minimize...

Pet Bottle Company (PBC) manufactures plastic two-liter bottles for the beverage industry. The cost standard per 100 two-liter bottles are as follows: Cost Category Standard Cost Per 100 Two ???...

What are the three evolutionary stages to becoming a new mass medium?Option ADevelopment, Entrepreneurial and Mass Medium StageOption BProduction, Development and Mass Medium StageOption CBeta,...

In 2005, the U.S. Congress passed a bill to extend daylight savings time earlier into the spring and later into the fall (beginning in 2007). The change was made as part of an Energy Bill, with some...

One topic investigated by behavioral economists but not covered in the text relates to how individuals assess probabilities of random events occurring repeatedly. The hot-hand fallacy is the fallacy...

Consider a 2-person/2-good exchange economy in which person 1 is endowed with (e11, e12) and person 2 is endowed with (e21, e22) of the goods x1 and x2. A: Suppose that tastes are homothetic for both...

Variance estimation with post stratification. Suppose we post stratify the sample into L post strata, with population counts N1, N2. . . NL. Then the post stratified estimator for the population...

Suppose a stratified random sample is taken with two observations per stratum. Show that if Then First note that Then express BRR (str) directly using yh1 and yh2.

Use the jackknife to estimate V(y) for the data in srs30.dat, and verify that JK(y) = s2/30 for these data. What are the jackknife weights for jackknife replicate j?