A company that manufactures running shoes has a fixed monthly cost of $300,000. It costs $30 to
Question:
A company that manufactures running shoes has a fixed monthly cost of $300,000. It costs $30 to produce each pair of shoes.
a. Write the cost function, C, of producing x pairs of shoes.
b. Write the average cost function, C̅ of producing x pairs of shoes.
c.
d. What is the horizontal asymptote for the graph of the average cost function,C̅? Describe what this represents for the company.
Transcribed Image Text:
Find and interpret C(1000), C(10,000), and T(100,000).
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 80% (5 reviews)
a Cx 30...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Mathematics questions
-
Each of the scenarios to follow describes a sustainability- related cost item for organizations. For each scenario, identify which function of the value chain that cost would represent (R& D, design,...
-
A company that manufactures shoes has three factories. Factory 1 produces 25% of the companys shoes, Factory 2 produces 60%, and Factory 3 produces 15%. One percent of the shoes produced by Factory 1...
-
A company that manufactures recreational pedal boats has approached Mike Cichanowski to ask if he would be interested in using Current Designs rotomold expertise and equipment to produce some of the...
-
Classify these equations according to their order, degree, type and linearity. Order Degree IV DV Linearity
-
What are some of the privacy concerns that shoppers have with e-commerce?
-
A house that is losing heat at a rate of 35,000 kJ/h when the outside temperature drops to 4C is to be heated by electric resistance heaters. If the house is to be maintained at 25C at all times,...
-
Suppose your name is Grant Scheffer, and Advanced Automotive repaired your car. You settled the bill as noted on the following invoice. To you this is a purchase invoice. To Advanced Automotive, it...
-
Service World maintains a petty cash fund. The fund custodian encountered the following events. a. The fund was established when a check for $ 300 was cashed and deposited into a locked cash box. b....
-
Define Instrumentation. With neat diagram explain the instrumentation system in detail. In engineering mesurement
-
In Exercises 100103, determine whether each statement makes sense or does not make sense, and explain your reasoning. When Im trying to determine end behavior, its the coefficient of the leading term...
-
A company is planning to manufacture mountain bikes. The fixed monthly cost will be $100,000 and it will cost $100 to produce each bicycle. a. Write the cost function, C, of producing x mountain...
-
How has the due process clause of the 14th Amendment been applied by the Supreme Court?
-
Describe how a transistor can be used to amplify a time-varying voltage.
-
The National Football League (www.nfl.com) is considered the king of all professional sports in the United States. It was formed by eleven teams in 1920 as the American Professional Football...
-
Describe a bipolar transistor NOR logic circuit.
-
Design a network with an average degree of 2.
-
Discuss the advantages of using resistor voltage divider biasing compared to a single base resistor.
-
What is the difference between paired and independent samples?
-
a. Determine the domain and range of the following functions.b. Graph each function using a graphing utility. Be sure to experiment with the window and orientation to give the best perspective of the...
-
Use tables to solve the equation numerically to the nearest tenth. 0.5-0.1(2-3x) = 0
-
Assume y 1 represents a linear function with the set of real numbers for its domain. Use the table at the top of the next column to solve the inequalities. Use set-builder notation. 1>0, y1 0 = V...
-
Use tables to solve the equation numerically to the nearest tenth. (0.3x - 2) + 2x = 0
-
Discuss how you would locate competitive vendors for the proposed capital purchase. Explain the process you might undertake to negotiate for the best price and discuss how you would contract the...
-
The following information relates to Lily Co. for the year 2020. Owner's Capital, January 1, 2020 $65,600 Advertising expense $8,100 Drawings during 2020 7,300 Rent expense 10,100 Service revenue...
-
Presented below is information related to Skysong Company. Cost Retail Beginning inventory $150,815 $283,000 Purchases 1,369,000 2,130,000 Markups 93,200 Markup cancellations 14,700 Markdowns 35,900...
Study smarter with the SolutionInn App