Question

Aki’s Bicycle Designs has determined that when x hundred bicycles are built, the average cost per...

Aki’s Bicycle Designs has determined that when x hundred bicycles are built, the average cost per bicycle is given by C(x)=0.1x^2-1.3x+5.279, where C(x) is in hundreds of dollars. How many bicycles should the shop build to minimize the average cost per bicycle?

Math   Algebra   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

To minimize the average cost per bicycle, the shop should build 650 or 6.5 hundred bicycles

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Aki’s bicycle designs has determined that when x hundred bicycles are built, the average cost per...
Aki’s bicycle designs has determined that when x hundred bicycles are built, the average cost per bicycle is given by C(x)= 0.1x^2-0.3x+5.634, where C(x) is in hundreds of dollars. How many bicycles should the shop build to minimize the average cost per bicycle?
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.
If the total cost function for a product is dollars, determine how many units ? should...
If the total cost function for a product is dollars, determine how many units ? should be C(x)=40+9x+0.1x^{2} produced to minimize the average cost per unit?
The price of a product in a competitive market is $500. If the cost per unit...
The price of a product in a competitive market is $500. If the cost per unit of producing the product is 140 + 0.1x dollars, where x is the number of units produced per month, how many units should the firm produce and sell to maximize its profit? units
If C(x) is the cost of producing x units of a commodity, then the average cost...
If C(x) is the cost of producing x units of a commodity, then the average cost per unit is a(x) = C(x)/x. Consider the C(x) given below. Round your answers to the nearest cent. C(x) = 54,000 + 90x + 4x3/2 (a) Find the total cost at a production level of 1000 units. .......................................$ (b) Find the average cost at a production level of 1000 units. ................................dollars per unit (c) Find the marginal cost at a production level of 1000...
5) The cost per unit of producing a product is 60 + 0.2x dollars, where x...
5) The cost per unit of producing a product is 60 + 0.2x dollars, where x represents the number of units produced per week. The equilibrium price determined by a competitive market is $220. How many units should the firm produce and sell each week to maximize its profit? b) What is the maximum profit?
The marketing department of a business has determined that the demand for a product can be...
The marketing department of a business has determined that the demand for a product can be modeled by p = 24 √ x , where p is the price per unit (in dollars) and x is the number of units. The cost (in dollars) of producing x units is given by C = 0.5x + 500. What price will yield a maximum profit?
Marginal Cost A division of Ditton Industries manufactures a deluxe toaster oven. Management has determined that...
Marginal Cost A division of Ditton Industries manufactures a deluxe toaster oven. Management has determined that the daily marginal cost function associated with producing these toaster ovens is given by C'(x) = 0.0006x2 − 0.14x + 23 where C'(x) is measured in dollars per unit and x denotes the number of units produced. Management has also determined that the daily fixed cost incurred in the production is $700. (a) Find the total cost incurred by Ditton in producing the first...
Marginal Cost A division of Ditton Industries manufactures a deluxe toaster oven. Management has determined that...
Marginal Cost A division of Ditton Industries manufactures a deluxe toaster oven. Management has determined that the daily marginal cost function associated with producing these toaster ovens is given by C'(x) = 0.0006x2 − 0.14x + 25 where C'(x) is measured in dollars per unit and x denotes the number of units produced. Management has also determined that the daily fixed cost incurred in the production is $900. (a) Find the total cost incurred by Ditton in producing the first...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT