Question
A manufacturer incurs the following costs in producing x water ski vests in one day, for 0 A maoufacturer incurs the following costs in producing
A maoufacturer incurs the following costs in producing x water ski vests in one day, for 0 < x < 175: fixed costs, $500; unit production cost, $20 per vest; equipment maintenance and repairs, 0.05x dollars. So, the cost of manufacturing x vests in one given day is given by C(x) = 0.05x +20x + 500, where o 175. (A) What is the average cost C(x) per vest if x vests are prodUced in one day? (B) Find the critical numbers of C(x), the intervalS on which the average cost per vest is decreasing, the intervals on which the average cost per vest is increasing, and the local extrema. Do not graph.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started