For the cost function whose graph is shown to the right, costs increase rapidly at low production levels, but as largerquantities are produced, the costs increase at a slower rate (due to production being more efficient on a larger scale.)ACost (5)750-C(X)At even higher production levels, production costs again climb rapidly.2842Number of items, x14T........a. The cost to produce an additional item is the marginal cost.Consider the production levels at x 3 and x 18, shown on the graph below0-14Number of itemsFor which production level, x 3 and x 18, is the marginal cost greater?The marginal cost is greater at xitems.b. Interpret your answer to part a in practical terms.O A. The cost to go from producing 18 items to 19 items is greater than the cost to go from producing 3 items to 4 items,B. The cost to go from producing 3 items to 4 items is greater than the cost to go from producing 18 items to 19 tems.OC. The cost of producing 18 items is greater than the cost of producing 3 itemsC c. The graphs of R(x) and C(x) are shown below.R(x582.4291.2-1428Number of items, xSuppose these items sell for $20.80 each. Construct the revenue function.R(x) =DUse the above graph to complete the blanks.Once production begins, the company will first break even when they make items and then again when they makeitems.d. For what production values will the company produce a profit?OA 14 28

a) The marginal cost is greater at x = 3 b) The cost to go from producing 3 items to 4 hi more than…

...... c. The graphs of R(x) and C(x) are shown below. R(X) 582.4- 291.2- 14 28 Number of items Suppose these items sell for $20.80 each. Construct the revenue function. R(x) =O Use the above graph to complete the blanks. Once production begins, the company will first break even when they make items and then again when they make items. d. For what production values will the company produce a profit? OA 14 28 OC. 0

...... c. The graphs of R(x) and C(x) are shown below. R(X) 582.4- 291.2- 14 28 Number of items Suppose these items sell for $20.80 each. Construct the revenue function. R(x) =O Use the above graph to complete the blanks. Once production begins, the company will first break even when they make items and then again when they make items. d. For what production values will the company produce a profit? OA 14 28 OC. 0

College Algebra (MindTap Course List)

12th Edition

ISBN:9781305652231

Author:R. David Gustafson, Jeff Hughes

Publisher:R. David Gustafson, Jeff Hughes

Chapter4: Polynomial And Rational Functions

Section4.1: Quadratic Functions

Problem 77E: Minimizing cost A company that produces and sells digital cameras has determined that the total...

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