Finite Mathematics (11th Edition)
11th Edition
ISBN: 9780321979438
Author: Margaret L. Lial, Raymond N. Greenwell, Nathan P. Ritchey
Publisher: PEARSON
expand_more
expand_more
format_list_bulleted
Videos
Textbook Question
Chapter 1.2, Problem 38E
Marginal Cost of a New Plant In deciding whether to set up a new manufacturing plant, company analysts have decided that a linear function is a reasonable estimation for the total cost C(x) in dollars to produce x items. They estimate the cost to produce 10,000 items as $547,500, and the cost to produce 50,000 items as $737,500.
(a) Find a formula for C(x).
(b) Find the fixed cost.
(c) Find the total cost to produce 100,000 items.
(d) Find the marginal cost of the items to be produced in this plant and what does this mean to the manager?
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
2. A microwave manufacturing firm has determined that their profit function is P(x)=-0.0014x+0.3x²+6x-355 , where is the number of microwaves sold annually. a. Graph the profit function using a calculator. b. Determine a reasonable viewing window for the function. c. Approximate all of the zeros of the function using the CALC menu of your calculator. d. What must be the range of microwaves sold in order for the firm to profit?
Solve by DrWz
WI
P
L
B
dy
Sind Ⓡ de max
⑦Ymax
dx
Solve by Dr
③Yat 0.75m from A
w=6KN/M L=2
W2=9 kN/m
P= 10 KN
Solve By Dr
A clothing manufacturer's profitability
can be modeled by p (x)=-x4 + 40x² - 144, where .x
is the number of items sold in thousands and p (x) is
the company's profit in thousands of dollars.
a. Sketch the function on your calculator and describe the end behavior.
b. Determine the zeros of the function.
c. Between what two values should the company sell
in order to be profitable?
d. Explain why only two of the zeros are considered
in part c.
Chapter 1 Solutions
Finite Mathematics (11th Edition)
Ch. 1.1 - Find the slope of each line. Through (4,5) and...Ch. 1.1 - Find the slope of each line. Through (5,-4) and...Ch. 1.1 - Find the slope of each line. Through (8,4) and (8,...Ch. 1.1 - Find the slope of each line. Through (1,5) and...Ch. 1.1 - Find the slope of each line. y = xCh. 1.1 - Find the slope of each line. y = 3x - 2Ch. 1.1 - Find the slope of each line. 5x - 9y = 11Ch. 1.1 - Find the slope of each line. 4x + 7y = 1Ch. 1.1 - Find the slope of each line. 9. x = 5Ch. 1.1 - Find the slope of each line. The x-axis
Ch. 1.1 - Find the slope of each line. y = 8Ch. 1.1 - Find the slope of each line. y = -6Ch. 1.1 - Find the slope of each line. A line parallel to 6x...Ch. 1.1 - Find the slope of each line. A line perpendicular...Ch. 1.1 - In Exercises 24, find an equation in...Ch. 1.1 - In Exercises 15-24, find an equation in...Ch. 1.1 - Prob. 17ECh. 1.1 - In Exercises 15-24, find an equation in...Ch. 1.1 - Prob. 19ECh. 1.1 - In Exercises 15-24, find an equation in...Ch. 1.1 - In Exercises 15-24, find an equation in...Ch. 1.1 - Prob. 22ECh. 1.1 - Prob. 23ECh. 1.1 - In Exercises 15- find an equation in...Ch. 1.1 - In Exercises 34, find an equation for each line in...Ch. 1.1 - In Exercises 25-34, find an equation for each line...Ch. 1.1 - Prob. 27ECh. 1.1 - Prob. 28ECh. 1.1 - In Exercises 25-34, find an equation for each line...Ch. 1.1 - In Exercises 25-34, find an equation for each line...Ch. 1.1 - In Exercises 25-34, find an equation for each line...Ch. 1.1 - In Exercises 25-34, find an equation for each line...Ch. 1.1 - Prob. 33ECh. 1.1 - Prob. 34ECh. 1.1 - Do the points (4,3), (2,0), and (-18,-12) lie on...Ch. 1.1 - Find k so that the line through (4, -1) and (k, 2)...Ch. 1.1 - Prob. 37ECh. 1.1 - Use slopes to show that the square with vertices...Ch. 1.1 - For the lines in Exercises and 40, which of the...Ch. 1.1 - Prob. 40ECh. 1.1 - Prob. 41ECh. 1.1 - In Exercises 41 and estimate the slope of the...Ch. 1.1 - Prob. 43ECh. 1.1 - Prob. 44ECh. 1.1 - Prob. 45ECh. 1.1 - Prob. 46ECh. 1.1 - Prob. 47ECh. 1.1 - Prob. 48ECh. 1.1 - Graph each equation. 2x - 3y = 12Ch. 1.1 - Prob. 50ECh. 1.1 - Prob. 51ECh. 1.1 - Prob. 52ECh. 1.1 - Prob. 53ECh. 1.1 - Prob. 54ECh. 1.1 - Prob. 55ECh. 1.1 - Graph each equation. y +8 = 0Ch. 1.1 - Prob. 57ECh. 1.1 - Prob. 58ECh. 1.1 - Prob. 59ECh. 1.1 - Graph each equation. 3x - 5y = 0Ch. 1.1 - Business and Economics Sales The sales of a small...Ch. 1.1 - Cost The total cost for a bakery to produce 100...Ch. 1.1 - Tuition The table lists the annual cost (in...Ch. 1.1 - Use of Cellular Telephones The following table...Ch. 1.1 - Consumer Price Index The Consumer Price Index...Ch. 1.1 - Life Sciences HIV Infection The time interval...Ch. 1.1 - Exercise Heart Rate To achieve the maximum benefit...Ch. 1.1 - Prob. 68ECh. 1.1 - Prob. 69ECh. 1.1 - Social Sciences Child Mortality Rate The mortality...Ch. 1.1 - Immigration In 1950, there were 249.187 immigrants...Ch. 1.1 - Marriage The following Table lists the U.S. median...Ch. 1.1 - Prob. 73ECh. 1.1 - Prob. 74ECh. 1.1 - Prob. 75ECh. 1.2 - For Exercises 1-10, let f(x) = 7 - 5x and g(x) =...Ch. 1.2 - For Exercises 1-10, let f(x) = 7 - 5x and g(x) =...Ch. 1.2 - For Exercises 1-10, let f(x) = 7 - 5x and g(x) =...Ch. 1.2 - For Exercises 1-10, let f(x) = 7 - 5x and g(x) =...Ch. 1.2 - For Exercises 1-10, let f(x) = 7 - /em>x and g(x)...Ch. 1.2 - For Exercises 1-10, let f(x) = 7 - 5x and g(x) =...Ch. 1.2 - For Exercises 1-10, let f(x) = 7 - 5x and g(x) =...Ch. 1.2 - Prob. 8ECh. 1.2 - For Exercises 1-10, let f(x) = 7 - 5x and g(x) =...Ch. 1.2 - Prob. 10ECh. 1.2 - In Exercises 14, decide whether the statement is...Ch. 1.2 - Prob. 12ECh. 1.2 - Prob. 13ECh. 1.2 - Prob. 14ECh. 1.2 - Prob. 15ECh. 1.2 - Prob. 16ECh. 1.2 - Prob. 17ECh. 1.2 - Prob. 18ECh. 1.2 - Prob. 19ECh. 1.2 - Prob. 20ECh. 1.2 - Prob. 21ECh. 1.2 - Prob. 22ECh. 1.2 - Assume that each situation can be expressed as a...Ch. 1.2 - Assume that each situation can be expressed as a...Ch. 1.2 - Assume that each situation can be expressed as a...Ch. 1.2 - Assume that each situation can be expressed as a...Ch. 1.2 - Business and Economics Supply and Demand Suppose...Ch. 1.2 - Prob. 28ECh. 1.2 - Supply and Demand Let the supply and demand...Ch. 1.2 - Prob. 30ECh. 1.2 - Prob. 31ECh. 1.2 - Prob. 32ECh. 1.2 - Break-Even Analysis Producing x units of tacos...Ch. 1.2 - Break-Even Analysis To produce x units of a...Ch. 1.2 - T-Shirt Cost Joanne Wendelken sells silk-screened...Ch. 1.2 - Prob. 36ECh. 1.2 - Marginal Cost of Coffee The manager of a...Ch. 1.2 - Marginal Cost of a New Plant In deciding whether...Ch. 1.2 - Prob. 39ECh. 1.2 - Prob. 40ECh. 1.2 - Prob. 41ECh. 1.2 - Prob. 42ECh. 1.2 - Prob. 43ECh. 1.2 - Prob. 44ECh. 1.2 - Prob. 45ECh. 1.2 - Prob. 46ECh. 1.2 - Prob. 47ECh. 1.2 - Prob. 48ECh. 1.2 - Temperature Find the temperature at which the...Ch. 1.2 - General Interest Education Cost A recent budget...Ch. 1.3 - Suppose a positive linear correlation is found...Ch. 1.3 - Given a set of points, the least squares line...Ch. 1.3 - Prob. 3ECh. 1.3 - Prob. 4ECh. 1.3 - The following problem is reprinted from the...Ch. 1.3 - The following problem is reprinted from the...Ch. 1.3 - Prob. 7ECh. 1.3 - Prob. 8ECh. 1.3 - The following problem is reprinted from the...Ch. 1.3 - Business and Economics Consumer Durable Goods The...Ch. 1.3 - Prob. 11ECh. 1.3 - Internet The percent of households with Internet...Ch. 1.3 - Landlines The percent of U.S. households with...Ch. 1.3 - Consumer Credit The total amount of consumer...Ch. 1.3 - Prob. 15ECh. 1.3 - Air Fares Using Expedia, a discount travel...Ch. 1.3 - Prob. 17ECh. 1.3 - Prob. 18ECh. 1.3 - Prob. 19ECh. 1.3 - Social Sciences Pupil-Teacher Ratios The following...Ch. 1.3 - Prob. 21ECh. 1.3 - Ideal Partner Height In an introductory statistics...Ch. 1.3 - Prob. 23ECh. 1.3 - Physical Sciences Length of a Pendulum Grandfather...Ch. 1.3 - Prob. 25ECh. 1.3 - General Interest Football The following data give...Ch. 1.3 - Prob. 27ECh. 1.3 - Prob. 28ECh. 1.3 - Running If you think a marathon is a long race,...Ch. 1 - The following table gives the life expectancy at...Ch. 1 - The following table gives the life expectancy at...Ch. 1 - The following table gives the life expectancy at...Ch. 1 - The following table gives the life expectancy at...Ch. 1 - The following table gives the life expectancy at...Ch. 1 - Prob. 6EACh. 1 - Now look at the residuals as a fresh data set, and...Ch. 1 - Prob. 8EACh. 1 - Prob. 9EACh. 1 - Determine whether each statement is true or false,...Ch. 1 - Prob. 2RECh. 1 - Prob. 3RECh. 1 - Prob. 4RECh. 1 - Prob. 5RECh. 1 - Prob. 6RECh. 1 - Prob. 7RECh. 1 - Prob. 8RECh. 1 - Prob. 9RECh. 1 - Prob. 10RECh. 1 - Prob. 11RECh. 1 - Prob. 12RECh. 1 - PRACTICE AND EXPLORATIONS What is marginal cost?...Ch. 1 - Prob. 14RECh. 1 - Prob. 15RECh. 1 - Prob. 16RECh. 1 - Prob. 17RECh. 1 - Prob. 18RECh. 1 - Prob. 19RECh. 1 - Prob. 20RECh. 1 - Prob. 21RECh. 1 - Prob. 22RECh. 1 - Prob. 23RECh. 1 - Prob. 24RECh. 1 - Prob. 25RECh. 1 - Prob. 26RECh. 1 - Prob. 27RECh. 1 - Prob. 28RECh. 1 - Prob. 29RECh. 1 - Prob. 30RECh. 1 - Prob. 31RECh. 1 - Prob. 32RECh. 1 - Prob. 33RECh. 1 - Prob. 34RECh. 1 - Prob. 35RECh. 1 - Prob. 36RECh. 1 - Prob. 37RECh. 1 - Prob. 38RECh. 1 - Prob. 39RECh. 1 - Prob. 40RECh. 1 - Prob. 41RECh. 1 - Prob. 42RECh. 1 - Prob. 43RECh. 1 - Prob. 44RECh. 1 - Prob. 45RECh. 1 - Prob. 46RECh. 1 - Prob. 47RECh. 1 - Prob. 48RECh. 1 - Supply and Demand A company is manufacturing a new...Ch. 1 - Prob. 50RECh. 1 - Cost In Exercises 50-53, find a linear cost...Ch. 1 - Prob. 52RECh. 1 - Prob. 53RECh. 1 - Prob. 54RECh. 1 - Prob. 55RECh. 1 - Prob. 56RECh. 1 - Prob. 57RECh. 1 - Social Security The average monthly Social...Ch. 1 - Meat Consumption The U.S. per capita consumption...Ch. 1 - Prob. 60RECh. 1 - Blood Sugar and Cholesterol Levels The following...Ch. 1 - Prob. 62RECh. 1 - Poverty The following table gives the number (in...Ch. 1 - Prob. 64RECh. 1 - Prob. 65RE
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, subject and related others by exploring similar questions and additional content below.Similar questions
- CCSS REASONING The number of subscribers using pagers in the United States can be modeled by f(x) = 0.015x4 -0.44x³ +3.46x² - 2.7x+9.68 where x is the number of years after 1990 and f(x) is the number of subscribers in millions. a. Graph the function. b. Describe the end behavior of the graph. c. What does the end behavior suggest about the number of pager subscribers? d. Will this trend continue indefinitely? Explain your reasoning.arrow_forwardHow to find the radius of convergence for the series in the image below? I'm stuck on how to isolate the x in the interval of convergence.arrow_forwarddjdjjdjdk4jr i need help on part C,arrow_forward
- Determine the exact signed area between the curve g(x): x-axis on the interval [0,1]. = tan2/5 secx dx andarrow_forwardSet up the partial fraction expansion of the function below. Do not explicitly solve for the variables 5 x²(x − 2)(x − 3)³ (24 - 81)² -arrow_forwardEvaluate the integral below: (4w (4w8) sec(4w) tan(4w) dwarrow_forward
- Evaluate the integral 7 x²√22-16 dxarrow_forwardQuestion 2. An American option on a stock has payoff given by F = f(St) when it is exercised at time t. We know that the function f is convex. A person claims that because of convexity, it is optimal to exercise at expiration T. Do you agree with them?arrow_forwardQuestion 4. We consider a CRR model with So == 5 and up and down factors u = 1.03 and d = 0.96. We consider the interest rate r = 4% (over one period). Is this a suitable CRR model? (Explain your answer.)arrow_forward
- Question 3. We want to price a put option with strike price K and expiration T. Two financial advisors estimate the parameters with two different statistical methods: they obtain the same return rate μ, the same volatility σ, but the first advisor has interest r₁ and the second advisor has interest rate r2 (r1>r2). They both use a CRR model with the same number of periods to price the option. Which advisor will get the larger price? (Explain your answer.)arrow_forwardQuestion 5. We consider a put option with strike price K and expiration T. This option is priced using a 1-period CRR model. We consider r > 0, and σ > 0 very large. What is the approximate price of the option? In other words, what is the limit of the price of the option as σ∞. (Briefly justify your answer.)arrow_forwardQuestion 6. You collect daily data for the stock of a company Z over the past 4 months (i.e. 80 days) and calculate the log-returns (yk)/(-1. You want to build a CRR model for the evolution of the stock. The expected value and standard deviation of the log-returns are y = 0.06 and Sy 0.1. The money market interest rate is r = 0.04. Determine the risk-neutral probability of the model.arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Algebra and Trigonometry (MindTap Course List)AlgebraISBN:9781305071742Author:James Stewart, Lothar Redlin, Saleem WatsonPublisher:Cengage Learning
Algebra & Trigonometry with Analytic GeometryAlgebraISBN:9781133382119Author:SwokowskiPublisher:Cengage
Functions and Change: A Modeling Approach to Coll...AlgebraISBN:9781337111348Author:Bruce Crauder, Benny Evans, Alan NoellPublisher:Cengage Learning
Big Ideas Math A Bridge To Success Algebra 1: Stu...AlgebraISBN:9781680331141Author:HOUGHTON MIFFLIN HARCOURTPublisher:Houghton Mifflin Harcourt
Algebra and Trigonometry (MindTap Course List)
Algebra
ISBN:9781305071742
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:Cengage Learning
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:9781133382119
Author:Swokowski
Publisher:Cengage
Functions and Change: A Modeling Approach to Coll...
Algebra
ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
Publisher:Cengage Learning
Big Ideas Math A Bridge To Success Algebra 1: Stu...
Algebra
ISBN:9781680331141
Author:HOUGHTON MIFFLIN HARCOURT
Publisher:Houghton Mifflin Harcourt
Asymptotes - What are they? : ExamSolutions Maths Revision; Author: ExamSolutions;https://www.youtube.com/watch?v=5Hl_WJXcR6M;License: Standard YouTube License, CC-BY