Question

The total cost function for a product is C(x) = 850 ln(x + 10) + 1800...

The total cost function for a product is

C(x) = 850 ln(x + 10) + 1800

where x is the number of units produced.

(a) Find the total cost of producing 300 units. (Round your answer to the nearest cent.)
$  

(b) Producing how many units will give total costs of $8500? (Round your answer to the nearest whole number.)
units

Homework Answers

Answer #1

Please upvote.

Thank you.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
If the total cost function for a product is C(x) = 8(x + 5)3 dollars, where...
If the total cost function for a product is C(x) = 8(x + 5)3 dollars, where x represents the number of hundreds of units produced, producing how many units will minimize average cost? x = hundred units Find the minimum average cost. (Round your answer to two decimal places.) dollars per hundred units
If the total cost function for a product is C(x) = 9(x + 3)^3 dollars, where...
If the total cost function for a product is C(x) = 9(x + 3)^3 dollars, where x represents the number of hundreds of units produced, producing how many units will minimize average cost? a) x= ? b) Find the minimum average cost per hundred units.
The monthly demand function for x units of a product sold by a monopoly is p...
The monthly demand function for x units of a product sold by a monopoly is p = 6,100 − 1/2x2  and its average cost is C = 3,030 + 2x dollars. Production is limited to 100 units. a) Find the profit function, P(x), in dollars. b) Find the number of units that maximizes profits. (Round your answer to the nearest whole number.) c) Find the maximum profit. (Round your answer to the nearest cent.)
A linear cost function is C(x) = 3x + 850. (Assume C is measured in dollars.)...
A linear cost function is C(x) = 3x + 850. (Assume C is measured in dollars.) (d) What is the cost of producing one more item if 50 are currently being produced? $ Incorrect: Your answer is incorrect. What is the cost of producing one more item if 100 are currently being produced?
The cost of producing x units of a product is modeled by the following. C =...
The cost of producing x units of a product is modeled by the following. C = 120 + 35x − 160 ln(x), x ≥ 1 (a) Find the average cost function C (b) Find the minimum average cost analytically. Use a graphing utility to confirm your result. (Round your answer to two decimal places.)
The cost of producing x units of a product is modeled by the following. C =...
The cost of producing x units of a product is modeled by the following. C = 130 + 35x − 150 ln(x),    x ≥ 1 (a) Find the average cost function C. C = (b) Find the minimum average cost analytically. Use a graphing utility to confirm your result. (Round your answer to two decimal places.)
The total cost of producing x units of a product is estimated by the cost function...
The total cost of producing x units of a product is estimated by the cost function C = f(x) = 60x + 0.2x2 + 25,000 where C equals total cost measured in dollars.   a) This function is an example of what class of functions? b) What is the cost associated with producing 25,000 units? c) What is the cost associated with producing zero units? What term might be used to describe this cost?
. The total cost function for a product is ?(?) = 15? + 600, and the...
. The total cost function for a product is ?(?) = 15? + 600, and the total revenue is R(x) = 20x, where x is the number of units produced and sold. a) Find the marginal cost. b) Find the marginal revenue c) Find the profit function. d) Find the number of units that gives the break-even point. e) Find the marginal profit and explain what it means 9. *please show all work*
Suppose a company has fixed costs of $2400 and variable costs per unit of 15/16 x...
Suppose a company has fixed costs of $2400 and variable costs per unit of 15/16 x + 1700 dollars, where x is the total number of units produced. Suppose further that the selling price of its product is 1800 − 1/16 x dollars per unit. (a) Find the break-even points. (Enter your answers as a comma-separated list.) (b) Find the maximum revenue. (c) Form the profit function P(x) from the cost and revenue functions. Find the maximum profit. (d) What...
1. In this problem, p and C are in dollars and x is the number of...
1. In this problem, p and C are in dollars and x is the number of units. A monopoly has a total cost function C = 1000 + 216x + 0x2 for its product, which has demand function p = 648 ? 3x ? 2x2. Find the consumer's surplus at the point where the monopoly has maximum profit. (Round your answer to the nearest cent.) 2. In this problem, p is in dollars and x is the number of units....