A company that manufactures roller skates has fixed costs of $300 per day and total costs of $4300 p
Question: A company that manufactures roller skates has fixed costs of $300 per day and total costs of $4300 per day at an output of 100 pairs of skates per day. The cost C is lineraly related to output x.
a. Find the slope of the line joining the points associated with outputs of 0 and 100; that is the line passing through (0, 300) and (100, 4300).
b. Find an equation of the line relating output to cost. Write the answer in the form c=mx+b; Interpret the equation in terms of fixed costs and variable costs describing each.
c. What is the rate of change of the cost function, ie what is marginal cost?
Price: $2.99
Solution: The solution consists of 1 page
Deliverables: Word Document
Deliverables: Word Document
-
Solution: For a farm commodity, rye grain in 2002, the price-demand and price-supply equations are given by: P #17027
-
(See Solution) Some studies have suggested that industries in countries that receive protection from foreign trade #6233
-
[Solved] The table below shows the demand schedule and total costs for a monopolist. Assuming that output uni #12512
-
[Solved] (Break-even point) You are a hard-working analyst in the office of financial operations for a manufa #20236
-
Free Math Help
-
Math and Statistics Answers
