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A toy manufactures has fixed costs of $3000 (such as rent, insurance and business loans). In addition there are variable costs of $2 per toy. At a production level of x toys cost function is C(x) = 3000+ 2x. (a) Find the cost of producing 2000 toys. (b) What additional cost is incurred. if the production is increased from 2000 toys to 2200 toys? (c) How many toys can be produced at a cost of $5000? Answers: (a)$7000 (b)$400 (c) 1000 toys

A toy manufactures has fixed costs of $3000 (such as rent, insurance and business loans). In addition there are variable costs of $2 per toy. At a production level of x toys cost function is C(x) = 3000+ 2x. (a) Find the cost of producing 2000 toys. (b) What additional cost is incurred. if the production is increased from 2000 toys to 2200 toys? (c) How many toys can be produced at a cost of $5000? Answers: (a)$7000 (b)$400 (c) 1000 toys

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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G A toy manufactures has fixed costs of $3000 (such as rent, insurance and business loans). In addition there are variable costs of $2 per toy. At a production level of x toys cost function is C(x) = 3000 + 2x. (a) Find the cost of producing 2000 toys. (b) What additional cost is incurred if the production is increased from 2000 toys to 2200 toys? (c) How many toys can be produced at a cost of $5000? Answers: (a)$7000 (b)$400 (c) 1000 toys
Transcribed Image Text:G A toy manufactures has fixed costs of $3000 (such as rent, insurance and business loans). In addition there are variable costs of $2 per toy. At a production level of x toys cost function is C(x) = 3000 + 2x. (a) Find the cost of producing 2000 toys. (b) What additional cost is incurred if the production is increased from 2000 toys to 2200 toys? (c) How many toys can be produced at a cost of $5000? Answers: (a)$7000 (b)$400 (c) 1000 toys
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