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Question 1181197: A company incurs two types of cost. Fixed annual cost of $250,000 is incurred regardless of the
number of products manufactured. In addition, each chair produces variable cost of $7.5. If C equals
to the total cost and x is equals to the number of chairs polished during a year:
a) Determine the function C = f(x) which express the annual cost
b) What is f (36,500)? What does it represent?
c) State the restricted domain and restricted range of the function if the maximum production
capacity is 82000 products per year.
Answer by Boreal(15235)   (Show Source):
You can put this solution on YOUR website! C=$7.5x+$250000
f(36500)=$273750+$250000=$523250. This represents the total costs of producing 36,500 chairs a year.
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for f(82,000), the cost is $865000
The restricted domain is [0, 82000]
The restricted range is [$250000, $865000]
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