Question

The daily cost to the manufacturing company is modeled by the function C(x) = 7.25x +...

The daily cost to the manufacturing company is modeled by the function

C(x) = 7.25x + 1,500,

where

C(x)

is the total daily cost and x is the number of items manufactured.

(a)

Determine the independent and dependent variable.

x, the number of items manufactured, is the (choose one) dependent or independent variable.

C, the daily cost, is the (choose one) dependent independent variable.

(b)

Find

C(0).

(Simplify your answer completely.)

C(0) =

Explain what this result means. (choose one)

(a) The daily cost if no items are sold.

(b) The total revenue if no items are manufactured.     

(c) The number of items manufactured if the daily cost is 0.

(d) The daily cost if no items are manufactured.

(e) The domain of C(x).

(c)Find C(1,000). (Simplify your answer completely.)

C(1,000) =

Explain what this results means. (choose one)

(a)The rate of growth of the daily cost.

(b)The daily cost if 1,000 items are manufactured.     

(c)The total revenue if 1,000 items are manufactured.

(d)The range of C(x).

(e)The number of items manufactured if the daily cost is 1,000.

The daily cost if 1,000 items are sold.

Homework Answers

Answer #1

.

here independent variable is that is the number of items manufactured.

and dependent variable is that is the total daily cost

.

take x=0

The daily cost if no items are manufactured

.

.

take x=1000

The daily cost if 1,000 items are manufactured.

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
. 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*
X Company's 2019 budgeted overhead cost function was C=$9.30X + $195,700, where X is the number...
X Company's 2019 budgeted overhead cost function was C=$9.30X + $195,700, where X is the number of units produced. The following information is also available for 2019: Master     Actual      Budget     Results     Production 11,000 units 13,800 units Total variable costs $102,300   $164,495   Total fixed costs $195,700   $198,143   1. What was the total overhead static budget for 2019? A: $128,340 B: $298,000 C: $300,443 D: $324,040 E: $326,483 F: $362,638 Tries 0/99 2. What was the total overhead flexible budget variance for...
A company has determined that its weekly total cost and total revenue (in dollars) for a...
A company has determined that its weekly total cost and total revenue (in dollars) for a product can be modeled by C(x) = 4000 + 30x R(x) = 300x -0.001x^2, where x is the number of items produced and sold. If the company can produce a maximum of 100,000 items per week, what production level will maximize profit?
X Company's 2019 budgeted overhead cost function was C=$10.90X + $212,800, where X is the number...
X Company's 2019 budgeted overhead cost function was C=$10.90X + $212,800, where X is the number of units produced. The following information is also available for 2019: Master Actual    Budget Results Production 11,000 units 14,000 units Total variable costs $119,900 $142,101 Total fixed costs $212,800 $215,271 1. What was the total overhead static budget for 2019? A: $152,600 B: $332,700 C: $335,171 D: $357,372 E: $365,400 F: $367,871 Tries 0/99 2. What was the total overhead flexible budget variance...
X Company's 2019 budgeted overhead cost function was C=$9.30X + $233,700, where X is the number...
X Company's 2019 budgeted overhead cost function was C=$9.30X + $233,700, where X is the number of units produced. The following information is also available for 2019: Master     Actual      Budget     Results     Production 10,400 units 13,300 units Total variable costs $96,720   $124,244   Total fixed costs $233,700   $235,833   1. What was the total overhead static budget for 2019? A: $123,690 B: $330,420 C: $332,553 D: $357,390 E: $359,523 F: $360,077 2. What was the total overhead flexible budget variance for 2019 [a...
X Company's 2019 budgeted overhead cost function was C=$9.90X + $200,900, where X is the number...
X Company's 2019 budgeted overhead cost function was C=$9.90X + $200,900, where X is the number of units produced. The following information is also available for 2019: Master     Actual      Budget     Results     Production 10,700 units 13,100 units Total variable costs $105,930   $151,659   Total fixed costs $200,900   $204,158   1. What was the total overhead static budget for 2019? 1. What was the total overhead static budget for 2019? A: $129,690 B: $306,830 C: $310,088 D: $330,590 E: $333,848 F: $355,817 answer: 2....
Maximizing Profits A manufacturer of tennis rackets finds that the total cost C(x) (in dollars) of...
Maximizing Profits A manufacturer of tennis rackets finds that the total cost C(x) (in dollars) of manufacturing x rackets/day is given by C(x) = 500 + 7x + 0.0003x2. Each racket can be sold at a price of p dollars, where p is related to x by the demand equation p = 10 − 0.0002x. If all rackets that are manufactured can be sold, find the daily level of production that will yield a maximum profit for the manufacturer. Hint:...
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 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.)
Cost of Goods Manufactured for a Manufacturing Company Two items are omitted from each of the...
Cost of Goods Manufactured for a Manufacturing Company Two items are omitted from each of the following three lists of cost of goods manufactured statement data. Determine the amounts of the missing items, identifying them by letter. Work in process inventory, August 1 $2,200 $18,500 (e) Total manufacturing costs incurred during August 15,600 (c) 108,800 Total manufacturing costs (a) $216,500 $118,100 Work in process inventory, August 31 3,400 45,500 (f) Cost of goods manufactured (b) (d) $99,200 a. $ b....
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT