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q1 The table to the right contains price-demand and total cost data for the production of projectors. X Pl$l C[$) where p is the wholesale
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The table to the right contains price-demand and total cost data for the production of projectors. X Pl$l C[$) where p is the wholesale price (in dollars) of a projector for an annual demand of): projectors and C 290 563 125000 is the total cost [in dollars} of producing x projectors. Answer the following questions (Ak (D). 390 332 126.000 530 144 168,000 "NO 98 192.000 {A} Find a quadratic regression equation for the priceidemand data, using x as the independent variable. y : (Type an expression using x as the variable. Use integers or deCimals for any numbers in the expression. Round the coefficients to seven decimal places as needed. Round the constant term to three decimal places as needed.) The total cost (in dollars) of producing x food processors is (30:) = 2500 + 60x [1.333. (A) Find the exact cost of producing the 41st food processor. (B) Use the marginal cost to approximate the cost of producing the 41st food processor. (A) The exact cost of producing the 4tst food processor is $ 35.? . (B) Using the marginal cost, the approximate cost of producing the 415t food processor is $DStep by Step Solution
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