Can anyone please help me with this thank you
2 answers:
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Answer:
The total cost of producing 91 units of ACME rocket fuel is $3999.99.
Step-by-step explanation:
The Marginal Cost is given by the following function
The total cost function is the integrative of the marginal cost function. So:
In which K, the integrative constant, is the fixed cost. So .
1. Find the total cost of producing 91 units of ACME rocket fuel.
This is TC(91).
So
The total cost of producing 91 units of ACME rocket fuel is $3999.99.
Answer:
11 music lessons.
Step-by-step explanation:
We know that membership costs $165 and members pay $25 per music lesson.
So, we can write the following expression:
The 165 represents the one-time membership fee and the 25m represents the cost for m music lessons.
We know that non-members pay no membership fee but their cost per lesson is $40. So:
Represents the cost for non-members for m music lessons.
We want to find how many music lessons would have to be taken for the cost to be the same for both members and non-members. So, we can set the expressions equal to each other:
And solve for m. Let's subtract 25m from both sides:
Now, divide both sides by 15:
So, at the 11th music lesson, members and non-members will pay the same.
Further Notes:
This means that if a person would only like to take 10 or less lessons, the non-membership is best because there is no initial fee.
However, if a person would like to take 12 or more lessons, than the membership is best because the membership has a lower cost per lesson than the non-membership.
And we're done!