Answer:
Z=8C
If you times Cups C by 8, you get ounces Z. Sorry, not too sure how to explain here.
Answer:
The total revenue is
.
The marginal revenue is
.
The fixed cost is $900.
The marginal cost function is
.
Step-by-step explanation:
The Total Revenue (
) received from the sale of
goods at price
is given by
![TR=p\cdot x](https://tex.z-dn.net/?f=TR%3Dp%5Ccdot%20x)
The Marginal Revenue (
) is the derivative of total revenue with respect to demand and is given by
![MR=\frac{d(TR)}{dx}](https://tex.z-dn.net/?f=MR%3D%5Cfrac%7Bd%28TR%29%7D%7Bdx%7D)
From the information given we know that the price they can sell cakes is given by the function
, where
is the number of cakes sold per day.
So, the total revenue is
![TR=(580-10x)\cdot x\\TR=580x-10x^2](https://tex.z-dn.net/?f=TR%3D%28580-10x%29%5Ccdot%20x%5C%5CTR%3D580x-10x%5E2)
And the marginal revenue is
![MR=\frac{d}{dx}(580x-10x^2) \\\\\mathrm{Apply\:the\:Sum/Difference\:Rule}:\quad \left(f\pm g\right)'=f\:'\pm g'\\\\MR=\frac{d}{dx}\left(580x\right)-\frac{d}{dx}\left(10x^2\right)\\\\MR=580-20x](https://tex.z-dn.net/?f=MR%3D%5Cfrac%7Bd%7D%7Bdx%7D%28580x-10x%5E2%29%20%5C%5C%5C%5C%5Cmathrm%7BApply%5C%3Athe%5C%3ASum%2FDifference%5C%3ARule%7D%3A%5Cquad%20%5Cleft%28f%5Cpm%20g%5Cright%29%27%3Df%5C%3A%27%5Cpm%20g%27%5C%5C%5C%5CMR%3D%5Cfrac%7Bd%7D%7Bdx%7D%5Cleft%28580x%5Cright%29-%5Cfrac%7Bd%7D%7Bdx%7D%5Cleft%2810x%5E2%5Cright%29%5C%5C%5C%5CMR%3D580-20x)
The Fixed Cost (
) is the amount of money you have to spend regardless of how many items you produce.
The Marginal Cost (
) function is the derivative of the cost function and is given by
![MC=\frac{d(TC)}{dx}](https://tex.z-dn.net/?f=MC%3D%5Cfrac%7Bd%28TC%29%7D%7Bdx%7D)
We know that the total cost function of the company is given by
, which it is equal to
![\mathrm{Apply\:Perfect\:Square\:Formula}:\quad \left(a+b\right)^2=a^2+2ab+b^2\\a=30,\:\:b=5x\\\\\left(30+5x\right)^2=30^2+2\cdot \:30\cdot \:5x+\left(5x\right)^2=25x^2+300x+900\\\\C=25x^2+300x+900](https://tex.z-dn.net/?f=%5Cmathrm%7BApply%5C%3APerfect%5C%3ASquare%5C%3AFormula%7D%3A%5Cquad%20%5Cleft%28a%2Bb%5Cright%29%5E2%3Da%5E2%2B2ab%2Bb%5E2%5C%5Ca%3D30%2C%5C%3A%5C%3Ab%3D5x%5C%5C%5C%5C%5Cleft%2830%2B5x%5Cright%29%5E2%3D30%5E2%2B2%5Ccdot%20%5C%3A30%5Ccdot%20%5C%3A5x%2B%5Cleft%285x%5Cright%29%5E2%3D25x%5E2%2B300x%2B900%5C%5C%5C%5CC%3D25x%5E2%2B300x%2B900)
From the total cost function and applying the definition of fixed cost, the fixed cost is $900.
And the marginal cost function is
![MC=\frac{d}{\:dx}\left(25x^2+300x+900\right)\\\\MC=\frac{d}{dx}\left(25x^2\right)+\frac{d}{dx}\left(300x\right)+\frac{d}{dx}\left(900\right)\\\\MC=50x+300+0=50x+300](https://tex.z-dn.net/?f=MC%3D%5Cfrac%7Bd%7D%7B%5C%3Adx%7D%5Cleft%2825x%5E2%2B300x%2B900%5Cright%29%5C%5C%5C%5CMC%3D%5Cfrac%7Bd%7D%7Bdx%7D%5Cleft%2825x%5E2%5Cright%29%2B%5Cfrac%7Bd%7D%7Bdx%7D%5Cleft%28300x%5Cright%29%2B%5Cfrac%7Bd%7D%7Bdx%7D%5Cleft%28900%5Cright%29%5C%5C%5C%5CMC%3D50x%2B300%2B0%3D50x%2B300)
2 4/10
2 2/5
That's the answer