In deciding whether to set up a new manufacturing plant, company analysts have decided that a linear function is a reasonable estimation for the total cost C(x) in dollars to produce x items. They estimate the cost to produce 5000 items as $400,000 and the cost to produce 12,000 items as $750,000. (a) Find a formula for C(x).(b) Find the fixed cost.(c) Find the total cost to produce 30,000 items.(d) What is the marginal cost of the items to be produced in this plant and what does this mean to the manager?
In deciding whether to set up a new manufacturing plant, company analysts have decided that a linear function is a reasonable estimation for the total cost C(x) in dollars to produce x items. They estimate the cost to produce 5000 items as $400,000 and the cost to produce 12,000 items as $750,000. (a) Find a formula for C(x).(b) Find the fixed cost.(c) Find the total cost to produce 30,000 items.(d) What is the marginal cost of the items to be produced in this plant and what does this mean to the manager?
Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter9: Polynomial And Rational Functions
Section9.4: Graphing Polynomial Functions
Problem 44PS: A company determines that its weekly profit from manufacturing and selling x units of a certain item...
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In deciding whether to set up a new manufacturing plant, company analysts have decided that a linear function is a reasonable estimation for the total cost C(x) in dollars to produce x items. They estimate the cost to produce 5000 items as $400,000 and the cost to produce 12,000 items as $750,000.
(a) Find a formula for C(x).
(b) Find the fixed cost.
(c) Find the total cost to produce 30,000 items.
(d) What is the marginal cost of the items to be produced in this plant and what does this mean to the manager?
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