A golf ball manufacturer knows the cost associated with various hourly production levels, given below. Production Costs for Golf Balls Production (hundred balls b) Cost (dollars C) 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) = dollars is the production cost when the hourly production rate is b hundred golf balls 2 s b s 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.) 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 (hundred balls b) Cost (dollars C) 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) = dollars is the production cost when the hourly production rate is b hundred golf balls 2 s b s 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.) 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)
6th Edition
ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
Publisher:Bruce Crauder, Benny Evans, Alan Noell
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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