A golf ball manufacturer knows the cost associated with various hourly production levels, given below. Production Costs for Golf Balls Production Cost (hundred balls b) (dollars C) 2 247 354 431 11 497 14 531 17 565 20 623 (a) Write a cubic model for the data. (Round all numerical values to three decimal places.) C(b) - 0.06763 – 2.900b2 + 54.953b + 146.349 dollars is the production cost when the hourly production rate is b hundred golf balls 2 sbs 20. (b) If 1000 balls are currently being produced each hour, calculate the marginal cost at that level of production. (Round your answer to two decimal places.) X per hundred balls Interpret the result. (Round your numerical answer to two decimal places.) At an hourly production level of 1000 golf balls, production cost is --Select--- by $ per hundred golf balls.
A golf ball manufacturer knows the cost associated with various hourly production levels, given below. Production Costs for Golf Balls Production Cost (hundred balls b) (dollars C) 2 247 354 431 11 497 14 531 17 565 20 623 (a) Write a cubic model for the data. (Round all numerical values to three decimal places.) C(b) - 0.06763 – 2.900b2 + 54.953b + 146.349 dollars is the production cost when the hourly production rate is b hundred golf balls 2 sbs 20. (b) If 1000 balls are currently being produced each hour, calculate the marginal cost at that level of production. (Round your answer to two decimal places.) X per hundred balls Interpret the result. (Round your numerical answer to two decimal places.) At an hourly production level of 1000 golf balls, production cost is --Select--- by $ per hundred golf balls.
Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
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ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
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Chapter5: A Survey Of Other Common Functions
Section5.5: Quadratic Functions
Problem 3TU: TEST FOR UNDERSTANDING FOR EXAMPLE 5.16 In the study Economics of Scale in High School Operation by...
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Transcribed Image Text:A golf ball manufacturer knows the cost associated with various hourly production levels, given below.
Production Costs for Golf Balls
Production
Cost
(hundred balls b)
(dollars C)
2
247
354
431
11
497
14
531
17
565
20
623
(a) Write a cubic model for the data. (Round all numerical values to three decimal places.)
C(b) - 0.06763 – 2.900b2 + 54.953b + 146.349
dollars is the production cost when the hourly production rate is b hundred golf balls 2 sbs 20.
(b) If 1000 balls are currently being produced each hour, calculate the marginal cost at that level of production. (Round your answer to two decimal places.)
X per hundred balls
Interpret the result. (Round your numerical answer to two decimal places.)
At an hourly production level of 1000 golf balls, production cost is --Select---
by $
per hundred golf balls.
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