The cost function for manufacturing electric drills is estimated to be: C(x) = 3x² - 10x + 243. Where C(x) is in dollars, and x is drills manufactured per hour. The average cost function is defined by AC = (a) Find the average cost function. AC = C(x) X (b) What is the average cost (to the nearest penny) of producing 5 drills per hour? $ per drill (c) What is the average cost (to the nearest penny) of producing 12 drills per hour? $ (d) Using Excel, find the number of drills per hour that should be produced to minimize average drills per hour (e) What is the minimum average cost to the nearest penny? $ per drill

The cost function for manufacturing electric drills is estimated to be: C(x) = 3x² - 10x + 243. Where C(x) is in dollars, and x is drills manufactured per hour. The average cost function is defined by AC = (a) Find the average cost function. AC = C(x) X (b) What is the average cost (to the nearest penny) of producing 5 drills per hour? $ per drill (c) What is the average cost (to the nearest penny) of producing 12 drills per hour? $ (d) Using Excel, find the number of drills per hour that should be produced to minimize average drills per hour (e) What is the minimum average cost to the nearest penny? $ per drill

Intermediate Algebra

19th Edition

ISBN:9780998625720

Author:Lynn Marecek

Publisher:Lynn Marecek

Chapter4: Systems Of Linear Equations

Section4.3: Solve Mixture Applications With Systems Of Equations

Problem 158E: The manufacturer of an energy drink spends $1.20 to make each drink and sells them for $2. The...

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