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The value x = 36.58 should be used in the cost model to estimate the cost of producing how many thingamabobs? thingamabobs. Round to the nearest thingamabob.

The value x = 36.58 should be used in the cost model to estimate the cost of producing how many thingamabobs? thingamabobs. Round to the nearest thingamabob.

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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**Problem Statement for Educational Website:** --- The value \( x = 36.58 \) should be used in the cost model to estimate the cost of producing how many thingamabobs? \[ \_\_\_\_\_\_\_\_\_ \] thingamabobs. Round to the nearest thingamabob. --- In this exercise, you are required to determine the number of thingamabobs produced, given the value \( x = 36.58 \). Make sure to round your answer to the nearest whole number.
Transcribed Image Text:**Problem Statement for Educational Website:** --- The value \( x = 36.58 \) should be used in the cost model to estimate the cost of producing how many thingamabobs? \[ \_\_\_\_\_\_\_\_\_ \] thingamabobs. Round to the nearest thingamabob. --- In this exercise, you are required to determine the number of thingamabobs produced, given the value \( x = 36.58 \). Make sure to round your answer to the nearest whole number.
### Thingamabob Sales Yaster Inc. is trying to enter the thingamabob market. The research department established the following price-demand, cost, and revenue functions: | \( p(x) = 57 - 1.14x \) | Price-demand function | |-------------------------|----------------------| | \( C(x) = 215 + 11x \) | Cost function | | \( R(x) = xp(x) = x(57 - 1.14x) \) | Revenue function | where \( x \) is in thousands of thingamabobs and \( C(x) \) and \( R(x) \) are in thousands of dollars. The price \( p(x) \) is the price in dollars of one thingamabob when the demand is \( x \) thousand thingamabobs. All three functions have domain \( 1 \leq x \leq 50 \).
Transcribed Image Text:### Thingamabob Sales Yaster Inc. is trying to enter the thingamabob market. The research department established the following price-demand, cost, and revenue functions: | \( p(x) = 57 - 1.14x \) | Price-demand function | |-------------------------|----------------------| | \( C(x) = 215 + 11x \) | Cost function | | \( R(x) = xp(x) = x(57 - 1.14x) \) | Revenue function | where \( x \) is in thousands of thingamabobs and \( C(x) \) and \( R(x) \) are in thousands of dollars. The price \( p(x) \) is the price in dollars of one thingamabob when the demand is \( x \) thousand thingamabobs. All three functions have domain \( 1 \leq x \leq 50 \).
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