Finite Mathematics: Applied Approach |
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Page 12
... cost is given by the slope of the cost function or $ 3 per unit . b . The fixed cost is the C- intercept ( y - intercept ) and is $ 20 . C. The total cost for 20 items is given by C ( 20 ) : C ( 20 ) = 3 ( 20 ) + 20 = 80 or $ 80 . d ...
... cost is given by the slope of the cost function or $ 3 per unit . b . The fixed cost is the C- intercept ( y - intercept ) and is $ 20 . C. The total cost for 20 items is given by C ( 20 ) : C ( 20 ) = 3 ( 20 ) + 20 = 80 or $ 80 . d ...
Page 13
... cost function is : C ( x ) = 300x + 4000 . 15. Since marginal cost is $ 25 , C ( x ) = 25x + F. Since 40 items cost a total of $ 4,000 , C ( 40 ) so : 25 ( 40 ) + F = 4000 . 1000+ F = 4000 = 4000 , F = 3000 ( subtract 1000 ) So , the ...
... cost function is : C ( x ) = 300x + 4000 . 15. Since marginal cost is $ 25 , C ( x ) = 25x + F. Since 40 items cost a total of $ 4,000 , C ( 40 ) so : 25 ( 40 ) + F = 4000 . 1000+ F = 4000 = 4000 , F = 3000 ( subtract 1000 ) So , the ...
Page 25
... cost is 110000/40000 bottle . = 2.75 per f . The additional cost of making the 20,001st bottle is $ 1.50 . 41. a . The cost function for the computer method is : 25x + 300 . The cost function for the offset method is : 20x + 500 . b ...
... cost is 110000/40000 bottle . = 2.75 per f . The additional cost of making the 20,001st bottle is $ 1.50 . 41. a . The cost function for the computer method is : 25x + 300 . The cost function for the offset method is : 20x + 500 . b ...
Common terms and phrases
1,1 position gives 2,2 position 3,3 position absorbing augmented matrix basic feasible solution bottom row indicates choose column player compute constraints cont Copt corner point cost function Crown's method digit dual problem entry in column entry in row expected value feasible region following table frequency histogram graph inequality initial tableau intercept Interchange rows inverse least limiting matrix maximize the function maximum value median minimum Multiply row negative entry negative indicator optimal payments payoff matrix pivot column pivot element positive entry possible outcomes probability quotient for row reduced sample space regression line represent the number respectively Ropt row player row strategy S₁ S₂ f saddle point score seat simplex method slack variables slope spades stable vector standard deviation strictly determined subtract transition diagram transition matrix tree diagram value of f variance Venn Diagram x y S₁ S₂ y-intercept