Question

A company discovers that to produce x=x=520 new electronic parts, it will cost y=y=$43,440. To produce...

A company discovers that to produce x=x=520 new electronic parts, it will cost y=y=$43,440. To produce 670 new electronic parts, it will cost $54,240.

Compute the slope of the costs and choose the most accurate statement from the following:

  • (a)Costs are increasing at a rate of $66 per item.
  • (b)Costs are decreasing at a rate of $72 per item.
  • (c)Costs are decreasing at a rate of $66 per item.
  • (d)Costs are increasing at a rate of $69 per item.
  • (e)Costs are increasing at a rate of $72 per item.
  • (f)Costs are decreasing at a rate of $69 per item.
Math   Statistics-And-Probability   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

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
The cost function for production of a commodity is C(x) = 352 + 29x − 0.06x2...
The cost function for production of a commodity is C(x) = 352 + 29x − 0.06x2 + 0.0001x3. (a) Find C'(100). Interpret C'(100). This is the cost of making 100 items.This is the rate at which costs are increasing with respect to the production level when x = 100.    This is the amount of time, in minutes, it takes to produce 100 items.This is the rate at which the production level is decreasing with respect to the cost when x =...
Your company has decided to produce a new line of television/electronic media player. You estimate that...
Your company has decided to produce a new line of television/electronic media player. You estimate that revenue from sales of this new product will equal $38,250,000. The plant and equipment (new fixed assets) needed to manufacture this product costs $22,400,000 and will be depreciated on a straight-line basis over the seven year project. Additional manufacturing costs to produce the media players would total $16,980,000 each year. The tax rate is 40%. Sketch (explain with a table or in words) a...
A company's revenue from selling x units of an item is given as R=1900x−2x^2. If sales...
A company's revenue from selling x units of an item is given as R=1900x−2x^2. If sales are increasing at the rate of 50 units per day, how rapidly is revenue increasing (in dollars per day) when 360 units have been sold? ? dollars per day The cost of producing x units of stuffed alligator toys is C(x)=0.002x^2+7x+5000. Find the marginal cost at the production level of 1000 units. ? dollars/unit Suppose a product's revenue function is given by R(q)=−7q^2+600q ,...
A company is producing tires for cars. The weekly cost of producing x tires is given...
A company is producing tires for cars. The weekly cost of producing x tires is given by: C(x) = 60,000 +500x - 0.75x^2 Find and interpret the marginal cost at a production level of 300 tires a week. At a production level of 300 tires a week the production costs are increasing at a rate of $50 per tires. It costs $142,500 to produce 300 tires a week. At a production level of 300 tires a week the production costs...
Question 1: A company needs to purchase a new machine to produce parts. There are two...
Question 1: A company needs to purchase a new machine to produce parts. There are two options. Alternative A costs $75,000 with a maintenance cost of $2,000 per quarter. The revenue generated from the machine is $2,000 every month. The life of the machine is expected to be 20 years. At the end of twenty years, the machine should be worth no more than 10% of its cost. Alternative B costs $50,000 with a maintenance cost of $1,000 per quarter....
Question 1: A company needs to purchase a new machine to produce parts. There are two...
Question 1: A company needs to purchase a new machine to produce parts. There are two options. Alternative A costs $75,000 with a maintenance cost of $2,000 per quarter. The revenue generated from the machine is $2,000 every month. The life of the machine is expected to be 20 years. At the end of twenty years, the machine should be worth no more than 10% of its cost. Alternative B costs $50,000 with a maintenance cost of $1,000 per quarter....
Division Y has asked Division X of the same company to supply it with 8,000 units...
Division Y has asked Division X of the same company to supply it with 8,000 units of part L763 this year to use in one of its products. Division Y has received a bid from an outside supplier for the parts at a price of $48 per unit. Division X has the capacity to produce 32,000 units of part L763 per year. Division X expects to sell 28,800 units of part L763 to outside customers this year at a price...
Part A. ABC Inc. is considering purchase of a new equipment that will produce a new...
Part A. ABC Inc. is considering purchase of a new equipment that will produce a new range of spare parts to complement its existing line of products. The new equipment will cost $500,000. Sales are expected to be around $200,000 per year and variable costs at $60,000. At the end of five years, the equipment can be sold for $100,000. Using straight line depreciation, should they purchase this equipment. Assume the cost of capital is 12% and the tax rate...
Division Y has asked Division X of the same company to supply it with 7,800 units...
Division Y has asked Division X of the same company to supply it with 7,800 units of part L763 this year to use in one of its products. Division Y has received a bid from an outside supplier for the parts at a price of $47 per unit. Division X has the capacity to produce 31,200 units of part L763 per year. Division X expects to sell 28,080 units of part L763 to outside customers this year at a price...
For the data set shown below, complete parts (a) through (d). X Y 20 102 30...
For the data set shown below, complete parts (a) through (d). X Y 20 102 30 97 40 93 50 83 60 72 (a) Find the estimates of Bo and B1. Bo=bo= _____ (Round to three decimal places as needed.) B1=b1= ______(Round to four decimal places as needed.) (b) Compute the standard error the point estimate for se= ____ (c) Assuming the residuals are normally distributed, determine Sb1=____ (Round to four decimal places as needed.) (d) Assuming the residuals are...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT