Tinker's cost of goods sold in the year of sale (2019) was $920,000 and 2018 cost of goods sold was $940,000. The inventory at t
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Answer:
The cost per month is increasing at a rate $365.
Explanation:
Differentiation Formula
[ where a is a constant]
Given that,
A manufacturer of handcrafted wine racks has determined that the cost to produce x units per month is given by
.
Again given that,
the rate of changing production is 13 unit per month
i.e
To find the cost per month, we need to find out the value when production is changing at the rate 13 units per month and the production is 70 units.
Differentiating with respect to t
Plugging
[ plugging x=70]
=364
[ The unit of c is not given. Assume that the unit of c is dollar.]
The cost per month is increasing at a rate $365.