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Concept explainers
When writing an expression that represents some quantity, we’ll often turn that expression into an equation (or formula, if you like) by using a letter to represent the value of the expression.
How do we know so much about the snow cone business? Because one of us used to own one!
The total cost of selling snow cones is the sum of the variable cost for supplies (which you just found) and the fixed costs: These are costs that aren’t affected by the number of snow cones sold, like rent, insurance, licensing, etc. Look back at the table to find the fixed costs for this business, then use that to write an equation of the form C = _______ that represents the total cost based on x, the number of snow cones sold.
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Chapter 3 Solutions
PATHWAYS TO MATH (LL) GEN CMB W/ACCESS
- 2. f(x)=√7-x 4. A manufacturer has a monthly fixed cost of $40,000 and a production cost of $8 for each unit produced. The product sells for $12 per unit. 1. What is the cost function? 2. What is the revenue function? 3. Compute the profit corresponding to 12,000 units. 5. A rectangular box is to have a square base and a volume of 20 ft3. The material for the base costs $0.30 per ft2, the material for the sides cost $0.10 per ft2, and the material for the top costs $0.20 per ft2. Letting x denote the length of one side of the base,arrow_forwardSolve using superposition principlearrow_forwardreview problems please help!arrow_forward
- Solve the problems on the imagearrow_forward3. f(7) 3. Find the domain of each of the following functions. 1 1. f(x)=2-6x+8 2. f(x)=√√7-x 4. A manufacturer has a monthly fixed cost of $40,000 and a production cost of $8 for each unit produced. The product sells for $12 per unit.arrow_forward7. Evaluate the following limits and justify each step. (a) lim (3x²+2x+1) 1 x²+4x-12 (b) lim 1 2 x² - 2x t-√√3t+4 (c) lim t-0 4-t x²-6x+5 (d) lim (e) lim x 5 x-5 x→2 x²+2x+3 4u+1-3 (f) lim u➡2 u-2 1 (g) lim x-3 2 x 55 x - 7x4 +4 (h) lim xx 5x+2x-1 x+1 (i) lim x²-2x+5 - 7x8+4x7 +5xarrow_forward
- 6. Given the following graph f(x). (-2,2) 2- -5 -3 -2 (-2,-1) -1 (0,1) -2- 1 (3,0) 2 3 4 5 (3,-1) א X Compute each of the following. (a) f(-2) (b) lim f(x) #129 (c) lim f(x) *→12+ (d) lim f(x) 811H (e) f(0) (f) lim f(x) 8011 (m) Is the function continuous at x = -2,0,3? Why or why not? (g) lim f(x) +0x (h) lim f(x) x 0 (i) f(3) (j) lim f(x) x-3- (k) lim f(x) x+3+ (1) lim f(x) #13arrow_forward(i) For a given constant a > 0, let an investor's preference be represented by the Gaussian utility function U(w)=1-e-aw² For what range of wealth level w will the investor be non-satiated and risk-averse? Explain your answer. (ii) Give an example of a utility function that exhibits DARA and verify it. (iii) Determine the class of utility functions with relative risk aversion coefficient R(w)= w², w> 0.arrow_forward3. Compute the profit corresponding to 12,000 units. 5. A rectangular box is to have a square base and a volume of 20 ft3. The material for the base costs $0.30 per ft2, the material for the sides cost $0.10 per ft2, and the material for the top costs $0.20 per ft2. Letting a denote the length of one side of the base, find a function in the variable x giving the cost of constructing the box. 6. Given the following graph f(x).arrow_forward
- 8. On what intervals, each function continuous? (a) f(x) = 3x11 + 4x²+1 3x²+5x-1 (b) g(x) = x²-4 X, x < 1, QTs the function f(x) continuous at = 1? Use the definition of continuity to justifyarrow_forwardreview problem please help!arrow_forwardSara (a 23 year old college graduate) is starting her first career. She met with a financial planner and has determined that she wants $1,000,000 when she retires at the age of 63. She has found an annuity that pays 4.25%, compounded quarterly. What will she need to save each month, if Sara waits 20 years to start saving? N: P/Y: I%: C/Y: PMT: FV: End or Begin $4158.98 $4,115.26 $2645.83 $6,707.40arrow_forward
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