product costs $24002400 to develop (i.e. the start up costs) and $3535 to manufacture each product. Do all the following problems on your page: i) Give a linear equation in the form C(n)=mn+bC(n)=mn+b that gives the total cost to produce nn of these products. Give your answer in function notation. No steps or work are required, just give the function.  ii) Find the total cost to produce  n=3500n=3500  of these products. Show what numbers you used in your arithmetic calculations. Use function

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter8: Cost Analysis
Section: Chapter Questions
Problem 5E
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Last year, a company introduced a new version of its main product. The product costs $24002400 to develop (i.e. the start up costs) and $3535 to manufacture each product. Do all the following problems on your page:

i) Give a linear equation in the form C(n)=mn+bC(n)=mn+b that gives the total cost to produce nn of these products. Give your answer in function notation. No steps or work are required, just give the function. 

ii) Find the total cost to produce  n=3500n=3500  of these products. Show what numbers you used in your arithmetic calculations. Use function notation in your work. Answer in a complete sentence form with units and context. 

iii) If the company has $5315053150, how many of these items can be produced? Use function notation in your work. Answer in a complete sentence form with units and context. 

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