What is the cost of manufacturing the items

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Reference no: EM131801502

Question: The cost (in dollars) of manufacturing one item is given by

C(x, y) = 30 + 3x + 5y

where x is the cost of 1 hour of labor and y is the cost of 1 pound of material.

(a) If the hourly cost of labor is $20, and the material costs $3 per pound, what is the cost of manufacturing one of these items?

(b) Find and interpret the partial derivative of C with respect to x.

Reference no: EM131801502

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