Marginal Average Cost for Producing Desks Custom Office makes a line of executive desks. It is estimated that the total cost for making x units of their Senior Executive model is represented by the following function, where C(x) is dollars/year. Find the following functions (in dollars) and interpret your results. C(x) 105x + 240,000 (a) Find the average cost function C. C(x) = (b) Find the marginal average cost function C'. C'(x) = (c) What happens to C(x) when x is very large? lim C(x) = Interpret your results. O This value is what the average cost per unit approaches if the production level is very high. O This value is what the production level approaches if the average cost per unit is very high. O This value is what the average cost per unit approaches if the production level is very low. O This value is what the production level approaches if the average cost per unit is very low.

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
icon
Related questions
Question

EX 12

Marginal Average Cost for Producing Desks Custom Office makes a line of executive desks. It is estimated that the total cost for making x units of their Senior Executive model is represented by the following function, where C(x)
dollars/year. Find the following functions (in dollars) and interpret your results.
C(x) = 105x + 240,000
(a) Find the average cost function C.
č(x) =
(b) Find the marginal average cost function C'.
C'(x) =
(c) What happens to C(x) when x is very large?
lim C(x) =
coex
Interpret your results.
O This value is what the average cost per unit approaches if the production level is very high.
O This value is what the production level approaches if the average cost per unit is very high.
O This value is what the average cost per unit approaches if the production level is very low.
O This value is what the production level approaches if the average cost per unit is very low.
Transcribed Image Text:Marginal Average Cost for Producing Desks Custom Office makes a line of executive desks. It is estimated that the total cost for making x units of their Senior Executive model is represented by the following function, where C(x) dollars/year. Find the following functions (in dollars) and interpret your results. C(x) = 105x + 240,000 (a) Find the average cost function C. č(x) = (b) Find the marginal average cost function C'. C'(x) = (c) What happens to C(x) when x is very large? lim C(x) = coex Interpret your results. O This value is what the average cost per unit approaches if the production level is very high. O This value is what the production level approaches if the average cost per unit is very high. O This value is what the average cost per unit approaches if the production level is very low. O This value is what the production level approaches if the average cost per unit is very low.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps with 3 images

Blurred answer
Recommended textbooks for you
Advanced Engineering Mathematics
Advanced Engineering Mathematics
Advanced Math
ISBN:
9780470458365
Author:
Erwin Kreyszig
Publisher:
Wiley, John & Sons, Incorporated
Numerical Methods for Engineers
Numerical Methods for Engineers
Advanced Math
ISBN:
9780073397924
Author:
Steven C. Chapra Dr., Raymond P. Canale
Publisher:
McGraw-Hill Education
Introductory Mathematics for Engineering Applicat…
Introductory Mathematics for Engineering Applicat…
Advanced Math
ISBN:
9781118141809
Author:
Nathan Klingbeil
Publisher:
WILEY
Mathematics For Machine Technology
Mathematics For Machine Technology
Advanced Math
ISBN:
9781337798310
Author:
Peterson, John.
Publisher:
Cengage Learning,
Basic Technical Mathematics
Basic Technical Mathematics
Advanced Math
ISBN:
9780134437705
Author:
Washington
Publisher:
PEARSON
Topology
Topology
Advanced Math
ISBN:
9780134689517
Author:
Munkres, James R.
Publisher:
Pearson,