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

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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