Average cost-rational function and graph

Assignment Help Mathematics
Reference no: EM13123687

A company manufacturing surfboards has fixed costs of $300 per day and total costs of $5,100 per day at a daily output of 20 boards.

(A) Assuming that the total cost per day, C(x), is linearly related to the total output per day, x, write an equation for the cost function.

(B) The average cost per board for an output of x boards is given by C'(x)=C(x)/x. Find the average cost function.

(C) Sketch a graph of the average cost function, including any asymptotes, for x between 1 and 30.

(D) What does the average cost per board tend to as production increases?

Reference no: EM13123687

Questions Cloud

What will be the concentration of the final solution : If you take a 10.5mL portion of the stock solution and dilute it to a total volume of 0.350 L, what will be the concentration of the final solution.
How deferred tax liability-current to be recognized : The income tax rate is 30% for all years. what is the income tax expense, the deferred tax asset to be recognized and the deferred tax liability-current to be recognized?
Compute the number of units of each product : Compute the number of units of each product that Yard Tools must sell in order to break even under this product mix.
What is the optimal output, price and profit of the firm : Fill in the table for the perfectly competitive firm. Explain how you arrived at each number and what is the optimal output, price and profit of the firm?
Average cost-rational function and graph : Assuming that the total cost per day, C(x), is linearly related to the total output per day, x, write an equation for the cost function.
Compute the number of units of each product : Compute the number of units of each product that Yard Tools must sell in order to break even under this product mix.
What volume of 0.300 m cacl2 is needed : What volume of 0.300 M CaCl2 is needed to prepare 240. mL of a solution which is 0.100 M in chloride ion.
Type of accounting system : if the sales manager accepts a rush order that will result in higher than normal manufacturing costs, these additional costs are charged to the sales manager because the authority to accept or decline the rush order was given to the sales manager...
Construct the rejection region for variance t-statistic : An unpooled variance t-statistic, if appropriate, would have 7 degrees of freedom. Calculate the value of an appropriate test statistic. Construct the rejection region.

Reviews

Write a Review

 

Mathematics Questions & Answers

  Choose the best decision maximax and maximin principle

Choose the best decision maximax and maximin principle

  Use rules of differentiation

Use rules of differentiation.

  Distance between two points in analytic geometry 3-space

Explaining how to derive the formula for the distance between two points -Prepare an essay of 1,000 words explaining how to derive the formula for the distance between two points in analytic geometry 3-space.

  Make a new variable by computing the difference

Make a new variable called COFFDIFF by computing the difference in the number of coffee drinks per week for each twin pair.

  Hypothesis test for means

Hypothesis test for two differences between means

  Find the breakeven volume as a percentage of capacity

Find the breakeven volume as a percentage of capacity.

  Solving the problem on marginal probability

What is the probability that a sale will be made to a contact who already owns a policy?

  Determine the distances from a to b

Determine the distances from A to B and from C to B. Show all work to receive full credit. Round to the nearest hundredths.

  Make the shape of the square

Make the shape of the square.

  Application of differential calculus in economics

Application of differential calculus in economics: Profit, Cost and Revenue function - What production level maximizes profit?

  Explain the golding discount department store

The Golding Discount Department Store: Excel Queuing System Problem, The Golding Discount Department Store has approximately 300 customers shopping in its store between 9am and 5pm on Saturdays. In deciding how many cash registers to keep open each..

  A regression analysis

A regression analysis

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd