Question
The manager of a restaurant found that the cost to produce 100omelets is $77.94, while the cost to produce 1000 omelets is $619.74. Assume the
The manager of a restaurant found that the cost to produce 100omelets is $77.94, while the cost to produce 1000 omelets is $619.74. Assume the cost C(x) is a linear function of x, the number of omelets produced. Find the cost function and use it to evaluate the cost of producing 1700 and 1701 omelets. Then find the marginal cost of the 1701st omelet and any omelet.
a)What isthe correct formula for C(x)?
b)The total cost of producing 1700 omelets is?
The total cost of producing 1701 omelets is?
(Round to three decimal places as needed)
c)The marginal cost of the 1701st omelet is? (Round to one decimal place as needed.)
The marginal cost of any omelet is?
(Round to one decimal place as needed)
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