Custom Office makes a line of executive desks. It is estimated that the total cost for making x units of their Senior Executive model is represented by the following function, where C(x) is measured in dollars/year. C(x) = 97x + 230000 (a) Find the average cost function C. 230000 C(x) = 97 + %3D (b) Find the marginal average cost function C '. C (x) = 97 (c) What happens to C(x) when x is very large? lim I+xC(x) = 97 Interpret your results. This value is what the average cost per unit approaches if the production level is very low. This value is what the production level approaches if the average cost per unit is very low. O This value is what the average cost per unit approaches if the production level is very high. This value is what the production level approaches if the average cost per unit is very high.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter3: Linear And Nonlinear Functions
Section: Chapter Questions
Problem 26MCQ
icon
Related questions
Question
Custom Office makes a line of executive desks. It is estimated that the total cost for making x units of their Senior Executive model is represented by the following function,
where C(x) is measured in dollars/year.
C(x)
= 97x + 230000
(a) Find the average cost function C.
230000
C(x) = 97 +
%3D
(b) Find the marginal average cost function C '.
C (x) = 97
(c) What happens to C(x) when x is very large?
lim
I+xC(x)
= 97
Interpret your results.
This value is what the average cost per unit approaches if the production level is very low.
This value is what the production level approaches if the average cost per unit is very low.
O This value is what the average cost per unit approaches if the production level is very high.
This value is what the production level approaches if the average cost per unit is very high.
Transcribed Image Text:Custom Office makes a line of executive desks. It is estimated that the total cost for making x units of their Senior Executive model is represented by the following function, where C(x) is measured in dollars/year. C(x) = 97x + 230000 (a) Find the average cost function C. 230000 C(x) = 97 + %3D (b) Find the marginal average cost function C '. C (x) = 97 (c) What happens to C(x) when x is very large? lim I+xC(x) = 97 Interpret your results. This value is what the average cost per unit approaches if the production level is very low. This value is what the production level approaches if the average cost per unit is very low. O This value is what the average cost per unit approaches if the production level is very high. This value is what the production level approaches if the average cost per unit is very high.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps with 3 images

Blurred answer
Knowledge Booster
Area
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, calculus and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
College Algebra
College Algebra
Algebra
ISBN:
9781305115545
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
Calculus For The Life Sciences
Calculus For The Life Sciences
Calculus
ISBN:
9780321964038
Author:
GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:
Pearson Addison Wesley,
Algebra and Trigonometry (MindTap Course List)
Algebra and Trigonometry (MindTap Course List)
Algebra
ISBN:
9781305071742
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage