Question: The average cost function for the weekly manufacture of items is given by c(x)=150,000x^-1+30+0.0003x dollars per item, where x is the number of items manufactured

The average cost function for the weekly manufacture of items is given by c(x)=150,000x^-1+30+0.0003x dollars per item, where x is the number of items manufactured that week. Weekly production is currently 6000 items and is increasing at a rate of 300 items per week. What is happening to the average cost? Round your answer to the nearest cent.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

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!

Zolo is a national retail clothing store with locations across the United States. As an accounting analyst at Zolo, you have been given an Excel spreadsheet with more than 70,000 records. The...

The average cost function for the weekly manufacture of retro portable CD players is given by Em = 120,000x'1 + 20 + 0.0006x dollars per player, where x is the number of CD players manufactured that...

Can you answer 10, 11, and 12 The average cost function for the weekly manufacture of retro portable CD players is given by C(x) = 100,000x -1 + 30 + 0.0006x dollars per player, where x is the number...

The average cost function for the weekly manufacture of retro portable CD players is given by C(x) 130,000x150 +0.0001x dollars per player, where x is the number of CD players manufactured that week....

The average cost function for the weekly manufacture of retro portable CD players is given by C(X) - 160,000x + + 10 + 0.0004x dollars per player, where x is the number of CD players manufactured...

7. [-/11.11 Points] DETAILS WANEFMAC7 12.5.019. MY NOTES PRACTICE ANOTHER The average cost function for the weekly manufacture of retro portable CD players is given by C(x) = 120,000x 1 + 10 +...

The average cost function for the weekly manufacture of retro portable CD players is given by ax) = 180,000X_1 + 20 + 0.0002X dollars per player, where x is the number of CD players manufactured that...

2 q Y NOTES verage cost function for the weekly manufacture of retro portable CD players is given by PRACTICE ANOTHER C(x) = 140,000x 1 + 30 + 0.0009x dollars per player, where x is the number of CD...

Answer both questions 10 X -10 -5 10 -5 10 If g(4) = 6, use the graph to find the value of the following. It may be helpful to know that the y-intercept for g'(x) is (0,1). (a) g(0) = (b) g(6) = (c)...

Montonya Company has the following selected data for the current year: Sales (10,000 units) $90,000 Direct materials 30,000 Direct labor costs 10,000 Variable manufacturing overhead 3,500 Fixed...

The following information pertains to the physical inventory of Geo Furniture Company taken at December 31: Required: 1. Calculate the LCNRV for the: a. Inventory by major category b. Inventory,...

Andersons Armoires reported net loss for the year of $25,000; however, it reported an increase in cash balance of $50,000. The CFO states, Andersons Armoires would have shown a profit were it not for...

Question 1 7 It may still be possible to flush a partially occluded catheter. Choose the correct option and select Submit. True False

In the use of unmanned aerial vehicles (UAVs) that will shape the future of UAV applications, an online shopping company has purchased a group of UAVs for $84000. The market value is expected to...