Question 1089096: To produce a textbook, suppose a publisher spent $140,000 for typesetting and $6.50 per book for printing and binding. The total cost to produce n books can be written as
C = 140,000 + 6.5n
Find the cost to produce one more textbook when you have already produced 10,000 textbooks.
Using the above equation, I have established that the total cost to produce 10,000 textbooks is $205,000, with the average cost being $20.50. Not exactly sure how to work out the cost of "one more".
Found 2 solutions by ikleyn, MathTherapy:
Answer by ikleyn(52818)   (Show Source):
Answer by MathTherapy(10555)  (Show Source):
You can put this solution on YOUR website!
To produce a textbook, suppose a publisher spent $140,000 for typesetting and $6.50 per book for printing and binding. The total cost to produce n books can be written as
C = 140,000 + 6.5n
Find the cost to produce one more textbook when you have already produced 10,000 textbooks.
Using the above equation, I have established that the total cost to produce 10,000 textbooks is $205,000, with the average cost being $20.50. Not exactly sure how to work out the cost of "one more".
This is accounting, or maybe finance. You need to look in your textbook to determine how to calculate "ONE MORE" unit.
I did accounting, and if my memory serves me right, the correct calculation is below.
Don't quote me on this though, because as I said before, you need to consult your book.
Cost to produce 10,000 textbooks: 140,000 + 6.5(10,000) = $205,000
Average cost to produce each book from the 10,000 batch: 
Cost to produce "ONE ADDITIONAL" book: 140,000 + 6.5(1) = $140,006.50
Cost to produce 10,001 books: $205,000 + 140,006.50 = $345,006.50
Average cost to produce "ONE MORE", or a total of 10,001 books: 
Now, you need to check your textbook and see if I'm right!
|
|
|
