The daily cost of producing x high-performance wheels for racing bicycles is given by C(x)=0.01x2 1.5x−175+for0 x≤100≤ What production level will give the lowest cost per wheel? What is the minimum cost?
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The daily cost of producing x high-performance wheels for racing bicycles is given by C(x)=0.01x2 1.5x−175+for0 x≤100≤ What production level will give the lowest cost per wheel? What is the minimum cost?
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- The weekly cost C of producing x units in a manufacturing process is given by C(x) = 60x + 2250. The number of units x produced in t hours is given by x(t) = 50t. (a) Find and interpret (C ∘ x)(t). (C ∘ x)(t) = (C∘x)(t) represents the cost of production as a function of time. (C∘x)(t) represents the production as a function of cost. (b) Find the cost of the units produced in 4 hours.$ (c) Find the time that must elapse in order for the cost to increase to $15,000. hrif the total cost c=0.2q3 - 4q2 +1000, what is the marginal cost when q=100If TC = 108 + 20Q + 3Q2 , what level of Q generates the minimum average cost?Enter as a value.
- The unit price of a product is given by P(X) = 200 - 0,01X and the total cost function C(x) = 50X + 20.000 How many items should be sold to maximize profit?The total cost of producing the first q items is given by the formula C(q) = -2q^3 + 60q^2 + 1000 (For example, C(10) gives the cost of the first 10 items.) a.) Find the average cost of producing items 6 through 10 b.) Find the marginal cost when q = 8If C = 0.0001Q2 + 3Q + 6000 is a total-cost function, find the marginal cost when Q = 100.
- For the cost function C(Q) = 200+3Q2+4Q3, what is the average fixed cost of producing 10 units of output? 18.31 42.12 212.61 20Opportunity cost is best defined as Select one: a. the amount given up when choosing one activity over the next best alternative. b. the amount given up when choosing one activity over all other alternatives. c. the amount that is given up when choosing an activity that is not as good as the next best alternative d. the opportunity to earn a profit that is greater than the one currently being made.The total cost C of making x units of a commodity is given by C = 0.005(x)3 + 0.45(x)2 + 12.75(x). All units made are sold at $36.75 per unit. The profit P is then given by P = 36.75(x) - C. Find the number of units to make to maximize profit.