Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

q1

image text in transcribedimage text in transcribed
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 $D

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Webassign For Applied Calculus

Authors: James Stewart

1st Edition

1337771953, 9781337771955

More Books

Students also viewed these Mathematics questions