Question 83168: #10
Write a linear cost function and identify all variables used.
A parking garage charges 50cents plus 35cents per half-hour.
#14
Assume that each situation can be expressed as a linear cost function. Find the cost function.
Marginal cost $90; 150items cost $16,000 to produce
Answer by Mogana(4)   (Show Source):
You can put this solution on YOUR website! Write a linear cost function and identify all variables used.
A parking garage charges 50cents plus 35cents per half-hour.
Cost function = marginal cost * x + fixed cost
c(x) = 35 cents * (x/2) + 50 cents
x is in for an hour
Marginal cost $90; 150items cost $16,000 to produce
here fixed cost $16,000 and marginal cost is $90
c(x) = 90 * x + 16000
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