The annual outlay for dental coverage in a company, where the number of employees are 100 and the dental coverage at an annual cost C paid by the company to employees is provided by the function C ( q ) = 1000 + 100 q , where q is the number of employees covered and C ( q ) is the annual cost in dollars.
The annual outlay for dental coverage in a company, where the number of employees are 100 and the dental coverage at an annual cost C paid by the company to employees is provided by the function C ( q ) = 1000 + 100 q , where q is the number of employees covered and C ( q ) is the annual cost in dollars.
Solution Summary: The author calculates the annual outlay for dental coverage in a company, where the number of employees is 100, and the government subsidies for coverage amount to
To calculate: The annual outlay for dental coverage in a company, where the number of employees are 100 and the dental coverage at an annual cost C paid by the company to employees is provided by the function C(q)=1000+100q, where q is the number of employees covered and C(q) is the annual cost in dollars.
(b)
To determine
The formula for N(q) where net cost function is provided by N=C−S, if the number of employees are 100 and the dental coverage at an annual cost C paid by the company to employees is given by C(q)=1000+100q, where q is the number of employees covered and C(q) is the annual cost in dollars and the government subsidies for coverage amount to S(q)=200q where, S(q) is the subsidy per day in dollars.
(c)
To determine
To calculate: The value of N(100), if the number of employees are 100 and the dental coverage at an annual cost C paid by the company to employees is given by C(q)=1000+100q, where q is the number of employees covered and C(q) is the annual cost in dollars and the government subsidies for coverage amount to S(q)=200q where S(q) is the subsidy per day in dollars.
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