harpazo
Full Member
- Joined
- Jan 31, 2013
- Messages
- 891
Suppose that the government imposes a $1000 per day tax on the bicycle manufacturer so that the daily cost C of manufacturing x bicycles is now given by C(x) = 80x + 6000. Now the average daily cost is given by (x). How many bicycles must be produced each day for the average cost to be no more than $100?
Solution:
Again, the average cost = C(x)/x.
Why is C(x) over x the average cost? Define average cost (in words).
Again, set 100 = to the average cost.
Why must we set 100 to the average cost?
100 =( 80x + 6000)/x
80 + (6000/x)
Calculate x.
20 = 6000/x
So, x = 300 should be the number of bicycles produced.
Solution:
Again, the average cost = C(x)/x.
Why is C(x) over x the average cost? Define average cost (in words).
Again, set 100 = to the average cost.
Why must we set 100 to the average cost?
100 =( 80x + 6000)/x
80 + (6000/x)
Calculate x.
20 = 6000/x
So, x = 300 should be the number of bicycles produced.