Question

The total cost of producing 1 unit of a product is given by C(x, y) =...

The total cost of producing 1 unit of a product is given by

C(x, y) = 30 + 0.2x2 + 50y − xy     dollars

where x is the hourly labor rate and y is the cost per pound of raw materials. The current hourly rate is $29, and the raw materials cost $2 per pound.

(a) How will an increase of $1 per pound for the raw materials affect the total cost?

The total cost will  ---Select--- increase decrease by $ ????


(b) How will an increase of $1 in the hourly labor rate affect the total cost?

The total cost will  ---Select--- increase decrease by $ ???

Math   Advanced-Math   
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Answer #1

[[[[ Cost increase & decrease will decided based on original price.......(i.e $21 increase means 261.2 - 240.2 ) ]]]]

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