The cost of renting tuxes for the Choral Society's formal is $15 down, plus $88 per tux. Express the cost C as a function of x, the number of tuxedos rented. C(x) = Use your function to answer the following questions. (a) What is the cost of renting two tuxes? $ (b) What is the cost of the second tux? $ (c) What is the cost of the 4,098th tux? $ (d) What is the variable cost? What is the fixed cost? $ What is the marginal cost? $ (e) Graph C as a function of x. 4. [-/0.71 Points] DETAILS WANEFM7 1.2.037. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHE Equilibrium Price: Skateboards The demand for your hand-made skateboards, in weekly sales, is q = -6p + 700 if the selling price is $p. You are prepared to supply q = 4p-400 per week at the price $p. What price should you sell your skateboards for so that there is neither a shortage nor a surplus? $ per skateboard 5. [-10.71 Points] DETAILS WANEFM7 1.2.039. MY NOTES A Equilibrium Price: Cell Phones Worldwide quarterly sales of a brand of cell phones were approximately q = -p + 166 million phones when the wholesale price was $p. (a) If the cellphone company was prepared to supply q = 9p - 394 million phones per quarter at a wholesale price of $p, what would have been the equilibrium price? $ (b) The actual wholesale price was $51 in the fourth quarter of 2004. Estimate the projected shortage or surplus at that price. There is an estimated ---Select--- million phones. shortage surplus Need Help? Read It 6. [-/0.71 Points] DETAILS WANEFM7 1.2.040. MY NOTES ASK YOUR TEACHER Equilibrium Price: Cell Phones Worldwide annual sales of a certain product were approximately -9p+ 1,600 million products when the wholesale price was $p. (a) If manufacturers are prepared to supply q = 17p - 800 million products per year at a wholesale price of $p, what would be the equilibrium price? (Round your answer to the nearest cent.) (b) The actual wholesale price was projected to be $65 in the fourth quarter of 2008. Estimate the projected shortage or surplus at that price. There is an estimated --Select-- of million products.