Concept explainers
a.
To find:the total cost C as a function of x , the number of units produced.
a.
Answer to Problem 51RE
The total cost function is
Explanation of Solution
Given information :
Variable cost =
Fixed cost =
Calculation : to find the total cost function, add the fixed cost with multiplication of total number of units produced and variable cost per unit,
Thus, the total cost function is
b.
To find: the profit P as a function of x , the number of units produced.
b.
Answer to Problem 51RE
The profit function is
Explanation of Solution
Given information :
Variable cost =
Fixed cost =
Selling cost =
Calculation : to find the profit function, first find the profit which is the difference of selling cost and variable cost,
Thus, the total cost function is
Chapter 1 Solutions
Precalculus with Limits: A Graphing Approach
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