Business Work these problems. (See Examples 2 and 4.)
The owner of a food truck found that the cost of producing 50 tacos is 558, while the cost of producing 250 tacos is $142. Assume that the cost
a. Find a formula for
b. What are the fixed costs?
c. Find the total cost of producing 1000 tacos.
d. Find the total cost of producing 1001 tacos.
e. Find the marginal cost of producing the 1001st taco.
f. Find the marginal cost of producing any taco.
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Chapter 3 Solutions
Mathematics With Applications, Loose-leaf Edition Plus Mylab Math With Pearson Etext -- 18-week Access Card Package (12th Edition)
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- 42. Consider the following joint probability table. B₁ B2 B3 B4 A 0.09 0.22 0.15 0.20 A 0.03 0.10 0.09 0.12arrow_forwardEXERCISES 4.3 Mechanics 41. Consider the following contingency table. B B A 26 34 Ac 14 26 a. Convert the contingency table into a joint probability table. b. What is the probability that A occurs? ن فة What is the probability that A and B occur? d. Given that B has occurred, what is the probability that A occurs? e. Given that A has occurred, what is the probability that B occurs? f. Are A and B mutually exclusive events? Explain. g. Are A and B independent events? Explain. 42. Consider the following joint probability table. B₁ B2 B3 BA A 0.09 0.22 0.15 0.20 Ac 0.03 0.10 0.09 0.12arrow_forwardStem1: 1,4 Stem 2: 2,4,8 Stem3: 2,4 Stem4: 0,1,6,8 Stem5: 0,1,2,3,9 Stem 6: 2,2 What’s the Min,Q1, Med,Q3,Max?arrow_forward
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