Please don't provide handwritten solution .... Consider the cost function C(x) = 5x² + 16x + 15 (thousand dollars).a) What is the marginal cost at production level x = 5?b) Use the marginal cost at x = 5 to estimate the cost of producing 5.50 units.c) Let R(x) = -x² + 47x +45 denote the revenue in thousands of dollars generated from the production of x units. What is the break-even point? (Recall that the break-even point is when the revenueis equal to the cost.)d) Compute and compare the marginal revenue and marginal cost at the break-even point. Should the company increase production beyond the break-even point?a) The marginal cost at production level x = 5 is $.

Given cost function is (thousand dollars).(a) To find the marginal cost at production level The…

Answered: Consider the cost function C(x) = 5x +…

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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Steeve would like to own a stock in either EasySoft Corporation or SuperSneeze International. If EasySoft Corporation has stock price of $6.30 and earnings per share of $1.89, and SuperSneeze International has a stock price of $1.70 and earnings per share of $0.136. Which company would Steeve choose to invest in? Why?
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Jim works as a travelling sales representative. He needs to plan his next business trip to Port Hedland, which he anticipates will take him away from the office for 3 or 4 days. Due to other work commitments, he is not sure whether he can make the trip by the end of this month or early next month. He plans to fly to Port Hedland and use a hire car to travel when he arrives. Jim's boss has asked him to supply documentation detailing the anticipated costs for the hire car, based on the following quotes received. A1 Rentals $35 per day plus 28c per kilometre of travel Cut Price Rentals $28 per day plus 30c per kilometre of travel 1
Write a complete solution including all necessary calculations, formulas, and a listing of all variables and their values Compare by % age boys test scores in Canada to boys test scores in Japan. Compare by %age girls test scores in South Korea to girls test scores in Russia
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Sara is a 57-year-old graphic designer who wants to retire 5 years from now. She earns $54,000/year and does not expect any raises if she stays in her job. Her daughter has told her about a new job opportunity that would offer a much higher salary, but to become eligible Sara would need to quit her job and spend a year taking classes. If she did that, next year she would earn $0 and pay $42,000 in tuition, and then she would earn $81,000/year for the final 4 years of her career. Sara likes the duties of the two jobs equally well, so this is strictly a financial issue for her. The interest rate is r. Question: How will she decide? Write down the calculation she will make. Would she be more likely to change jobs if the interest rate were higher or lower?
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The Metropolitan Bus Company (MBC) purchases diesel fuel from American PetroleumSupply. In addition to the fuel cost, American Petroleum Supply charges MBC $250 perorder to cover the expenses of delivering and transferring the fuel to MBC’s storage tanks.The lead time for a new shipment from American Petroleum is 10 days; the cost of holding a gallon of fuel in the storage tanks is $0.04 per month, or $0.48 per year; and annualfuel usage is 150,000 gallons. MBC buses operate 300 days a year.a. What is the optimal order quantity for MBC?b. How frequently should MBC order to replenish the gasoline supply?c. The MBC storage tanks have a capacity of 15,000 gallons. Should MBC considerexpanding the capacity of its storage tanks?d. What is the reorder point?
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