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Ghella [55]
3 years ago
9

Emily's bill for dinner at a restaurant was $61. She left an 18% tip. What was the amount of the tip?

Mathematics
1 answer:
UkoKoshka [18]3 years ago
7 0
You cross multiply. So 61 over 18 = x over 100. You multiply 61 and get the answer of 1600. Now with what you have left, you divide that with 18 and you should get your answer of <span>338.888889. Make sure to round it to whatever it tells you to round to!</span>

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If C(x) is the cost of producing x units of a commodity, then the average cost per unit is c(x) = C(x)/x. Consider the cost func
kvasek [131]

Answer:

Step-by-step explanation:

Given that:

If C(x) =  the cost of producing x units of a commodity

Then;

then the average cost per unit is c(x)  = \dfrac{C(x)}{x}

We are to consider a given function:

C(x) = 54,000 + 130x + 4x^{3/2}

And the objectives are to determine the following:

a) the total cost at a production level of 1000 units.

So;

If C(1000) = the cost of producing 1000 units of a commodity

C(1000) = 54,000 + 130(1000) + 4(1000)^{3/2}

C(1000) = 54,000 + 130000 + 4( \sqrt[2]{1000^3} )

C(1000) = 54,000 + 130000 + 4(31622.7766)

C(1000) =  54,000 + 130000 + 126491.1064

C(1000) = $310491.1064

\mathbf{C(1000) \approx $310491.11 }

(b) Find the average cost at a production level of 1000 units.

Recall that :

the average cost per unit is c(x)  = \dfrac{C(x)}{x}

SO;

c(x)  =\dfrac{(54,000 + 130x + 4x^{3/2})}{x}

Using the law of indices

c(x)  =\dfrac{54000}{x} + 130 + 4x^{1/2}

c(1000)  = \dfrac{54000}{1000}+ 130 + {4(1000)^{1/2}}

c(1000) =$ 310.49 per unit

(c) Find the marginal cost at a production level of 1000 units.

The marginal cost  is C'(x)

Differentiating  C(x) = 54,000 + 130x + 4x^{3/2} to get  C'(x) ; we Have:

C'(x) = 0 + 130 + 4 \times \dfrac{3}{2} \ x^{\dfrac{3}{2}-1}

C'(x) = 0 + 130 + 2 \times \ {3} \  x^{\frac{1}{2}}

C'(x) = 0 + 130 + \ {6}\  x^{\frac{1}{2}}

C'(1000) = 0 + 130 + \ {6} \  (1000)^{\frac{1}{2}}

C'(1000) = 319.7366596

\mathbf{C'(1000) = \$319.74 \ per  \ unit}

(d)  Find the production level that will minimize the average cost.

the average cost per unit is c(x)  = \dfrac{C(x)}{x}

c(x)  =\dfrac{54000}{x} + 130 + 4x^{1/2}

the production level that will minimize the average cost is c'(x)

differentiating c(x)  =\dfrac{54000}{x} + 130 + 4x^{1/2} to get c'(x); we have

c'(x)= \dfrac{54000}{x^2} + 0+ \dfrac{4}{2 \sqrt{x} }

c'(x)= \dfrac{54000}{x^2} + 0+ \dfrac{2}{ \sqrt{x} }

Also

c''(x)= \dfrac{108000}{x^3} -x^{-3/2}

c'(x)= \dfrac{54000}{x^2} + \dfrac{4}{2 \sqrt{x} } = 0

x^2 = 27000\sqrt{x}

\sqrt{x} (x^{3/2} - 27000) =0

x= 0;  or  x= (27000)^{2/3} = \sqrt[3]{27000^2} = 30² = 900

Since  production cost can never be zero; then the production cost = 900 units

(e) What is the minimum average cost?

the minimum average cost of c(900) is

c(900)  =\dfrac{54000}{900} + 130 + 4(900)^{1/2}

c(900) = 60 + 130 + 4(30)

c(900) = 60 +130 + 120

c(900) = $310 per unit

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Answer:

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