Answer:
2%
Step-by-step explanation:
9514 1404 393
Answer:
$562,500 per hour
Step-by-step explanation:
The cost will be a minimum where C'(x) = 0.
C'(x) = 0.56x -0.7 = 0
x = 0.7/0.56 = 1.25
The cost at that production point is ...
C(1.25) = (0.28×1.25 -0.7)1.25 +1 = -0.35×1.25 +1 = 0.5625
The minimum production cost is $562,500 per hour for production of 1250 items per hour.
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<em>Additional comment</em>
This is different than the minimum cost <em>per item</em>. This level of production gives a per-item cost of $450. The minimum cost per item is $358.30 at a production level of 1890 per hour.
Answer:
35/4
Step-by-step explanation:
