Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

21. Please solve A company has found that the marginal cost (in thousands of dollars) to produce x central air conditioning units is C (x)

image text in transcribed

21. Please solve

image text in transcribed
A company has found that the marginal cost (in thousands of dollars) to produce x central air conditioning units is C (x) = = ", where x is the number of units produced (a) Find the cost function, given that the company incurs a fixed cost of $14,000 even if no units are built. (b) The company will seek a new source of investment income if the cost is more than $22,000 to produce 5 units. Should they seek this new source? (a) What substitution should be used to determine the cost function? Use the quantity as the substitution, u = , so that du = ( )dx The cost function is C(x) = (b) Therefore, the cost of producing 5 units is $ so the company seek a new source of investment income. (Round to the nearest dollar as needed.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Calculus

Authors: Dale Varberg, Edwin J. Purcell, Steven E. Rigdon

9th edition

131429248, 978-0131429246

Students also viewed these Mathematics questions

Question

describe a cybernetic control system; LO1

Answered: 1 week ago