Average cost. A manufacturer incurs the following costs in producing x water ski vests in one day,...

Question

Average cost. A manufacturer incurs the following costs in producing x water ski vests in one day, for fixed costs, $320; unit production cost, $20 per vest; equipment maintenance and repairs, 0.05x² dollars. So, the cost of manufacturing x vests in one day is given by

(A) What is the average cost per vest if x vests are produced in one day?

(B) Find the critical values of the intervals on which the average cost per vest is decreasing, the intervals on which the average cost per vest is increasing, and the local extrema. Do not graph.

Robert · Accepted Answer

1. A manufacturer incurs the following costs in producing   water ski vests in one day, for 
         fixed costs, $320; unit production costs, $20 per vest; equipment maintenance 
and repairs,       dollars.
(a) What is the average cost  ( )̅̅ ̅̅ ̅̅  per vest if   vests are produced in one day?

Average cost. A manufacturer incurs the following costs in producing x water ski vests in one day, for fixed costs, $320; unit production cost, $20 per vest; equipment maintenance and repairs, 0.05x 2...

Solution

Answer To This Question Is Available To Download

Related Questions & Answers

Submit New Assignment