Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

(x Points: 0 of 1 Sav K The total cost (in dollars) of producing x food processors is C(x) = 1600 +80x - 0.3x2. (A)

image text in transcribed
image text in transcribed
(x Points: 0 of 1 Sav K The total cost (in dollars) of producing x food processors is C(x) = 1600 +80x - 0.3x2. (A) Find the exact cost of producing the 51st food processor. (B) Use the marginal cost to approximate the cost of producing the 51st food processor. (A) The exact cost of producing the 51st food processor is $ The total cost (in dollars) of manufacturing x auto body frames is C(x) = 90,000 + 400x. (A) Find the average cost per unit if 200 frames are produced. (B) Find the marginal average cost at a production level of 200 units. (C) Use the results from parts (A) and (B) to estimate the average cost per frame if 201 frames are (A) If 200 frames are produced, the average cost is $ per frame The profit (in dollars) from the sale of x lawn mowers is P(x) = 90x - 0.09x- 350. (A) Find the average profit per mower if 20 mowers are produced. (B) Find the marginal average profit at a production level of 20 mowers, and interpret the results. (C) Use the results from parts (A) and (B) to estimate the average profit per mower if 21 mowers are produced. (A) If 20 mowers are produced, the average profit per mower is S (Round to the nearest cent as needed.)

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_2

Step: 3

blur-text-image_3

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

Nonlinear Controllability And Optimal Control

Authors: H. J. Sussmann

1st Edition

1351428330, 9781351428330

More Books

Students also viewed these Mathematics questions

Question

Define Decision making

Answered: 1 week ago

Question

What are the major social responsibilities of business managers ?

Answered: 1 week ago

Question

What are the skills of management ?

Answered: 1 week ago