Question 121985
a.) {{{C(x)=1.5x/(100-x)}}}
{{{C(60)=1.5(60)/(100-60)}}}
{{{C(60)=1.5(60)/(40)}}}
{{{C(60)=2.25}}}
The cost would be $2.25 million.
b.) {{{C(x)=1.5x/(100-x)=5}}}
{{{1.5x/(100-x)=5}}}
{{{1.5x=5(100-x)}}}
{{{1.5x=500-5x)}}}
{{{6.5x=500)}}}
{{{x=500/6.5)}}}
{{{x=76.9)}}}
Rounding to the nearest whole percent, 77% participation would cost $5 million.