Pearl Ltd. intends to manufacture and market vegetable crates. Their research department has derived the price-demand equation and the cost function, respectively as: x=10,000-40p and C(x)=180,000+30p where x is the number of crates that can be sold at $p per unit and C(x) represents the total cost of producing x crates. b. Find the exact cost of producing the 85th crate.
Pearl Ltd. intends to manufacture and market vegetable crates. Their research department has derived the price-demand equation and the cost function, respectively as: x=10,000-40p and C(x)=180,000+30p where x is the number of crates that can be sold at $p per unit and C(x) represents the total cost of producing x crates. b. Find the exact cost of producing the 85th crate.
Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter12: Algebra Of Matrices
Section12.CR: Review Problem Set
Problem 37CR
Related questions
Question
Pearl Ltd. intends to manufacture and market vegetable crates. Their research department has derived the price-demand equation and the cost function, respectively as:
x=10,000-40p and C(x)=180,000+30p
where x is the number of crates that can be sold at $p per unit and C(x) represents the total cost of producing x crates.
b. Find the exact cost of producing the 85th crate.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps with 2 images
Recommended textbooks for you
Algebra for College Students
Algebra
ISBN:
9781285195780
Author:
Jerome E. Kaufmann, Karen L. Schwitters
Publisher:
Cengage Learning
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Algebra for College Students
Algebra
ISBN:
9781285195780
Author:
Jerome E. Kaufmann, Karen L. Schwitters
Publisher:
Cengage Learning
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill