A company is planning to manufacture snowboards. The fixed costs are $ 100$100 per day and total costs are $55005500 per day at a daily output of 20 boards. A. Assuming that the total cost per day, C(x), is linearly related to the total output per day, x, write an equation for the cost function.

Question

A company is planning to manufacture snowboards. The fixed costs are $ 100$100 per day and total costs are $55005500 per day at a daily output of 20 boards. A. Assuming that the total cost per day, C(x), is linearly related to the total output per day, x, write an equation for the cost function.

Accepted Answer

Theequationfortotal cost functionisC(x)=100+270xThecalculationis as follows:Variable cost per board =total cost per day-fixed cost per day ÷ daily outputHeretotal cost per day is $5,500fixed cost per day is $10020 boards are produced per daySo,variable cost per board=($5,500-$100) ÷20=$270 per dayNow the equation isC(x)=100+270xLearn more:brainly.com/question/13981855?referrer=searchResults...

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A company is planning to manufacture snowboards. The fixed costs are $ 100$100 per day and total costs are $55005500 per day at a daily output of 20 boards. A. Assuming that the total cost per day, C(x), is linearly related to the total output per day, x, write an equation for the cost function.

A company is planning to manufacture snowboards. The fixed costs are $ 100$100 per day and total costs are $55005500 per day at a daily output of 20 boards. A. Assuming that the total cost per day, C(x), is linearly related to the total output per day, x, write an equation for the cost function.