roblem 25* Members of a high school choir want to attend a national contest. After a sign-up, the choir dir that the trip will cost $400 per choir member plus a $1500 fee for the choir to participate. a) Write an equation to represent the total average cost of the trip per choir member. b) What is the horizontal asymptote of the function? What does it mean in relationship to this What is the vertical asymptote? What does it mean in relationship to the problem. c) Find the total average cost of the trip if 45 members attended. d) How many members must attend to bring the total average cost to $425 per member. c) Graph the function. f) If you check your graph with graphing technology, why must you change the window setting Would you set the x minimum?

roblem 25* Members of a high school choir want to attend a national contest. After a sign-up, the choir dir that the trip will cost $400 per choir member plus a $1500 fee for the choir to participate. a) Write an equation to represent the total average cost of the trip per choir member. b) What is the horizontal asymptote of the function? What does it mean in relationship to this What is the vertical asymptote? What does it mean in relationship to the problem. c) Find the total average cost of the trip if 45 members attended. d) How many members must attend to bring the total average cost to $425 per member. c) Graph the function. f) If you check your graph with graphing technology, why must you change the window setting Would you set the x minimum?

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter2: Mathematics For Microeconomics

Section: Chapter Questions

Problem 2.6P

See similar textbooks

Similar questions

Hi, I have been trying to compute the optimal values from this lagrangian. But I can't seem to find a way to get the values from the answer key. I attached both the question and answers. Could you please explain to me how to get these values from the first-order conditions? Thank you very much
It costs a baker a fixed cost of $420 and variable cost of $2.10 per cupcake. A cupcake issold for $4.90 each.(i) Make a table showing the total cost and the revenue obtained from producing 20,40,60,80 and 100 cupcakes.(ii) Write algebraic expressions representing the cost C and the revenue R as functions of the number of cupcakes X produced and number of cupcakes X sold respectively.(iii) Graph both functions on the same coordinate axes and from your graph determine the cordinate at which cost equals revenue.
It costs a baker a fixed cost of $420 and variable cost of $2.10 per cupcake. A cupcake is sold for $4.90 each. (iv) Write an algebraic expression representing the revenue R as a function of the number of cupcakes x sold.(v) Graph both functions on the same coordinate axes.(vi) From your graph find coordinatae at which cost equals revenue.(vii) Using your graph, determine how many cupcakes need to be made to produce revenue of at least $1,029. How much profit is made for this number of cupcakes?
It costs a company $58 to produce 6 units of a product and $78 to produce 10 units. Assuming that the cost is linear, how much does it cost to produce 25 units?
What is the average variable cost of 4 oil change?
Technology B uses 4 workers and 2 tonnes of coal to produce 100 meters of cloth. The worker's wages cost $10 and coal costs $5. We have previously calculated that the total cost of production is $50 and that the vertical intercept of the isocost line is 10.If there was a technology that used 1 more worker, how much would it have to decrease the coal required in order to cost the same? (Note: this is the absolute value of the slope of the isocost line.)
Please show the curve on the graph along with the plotted points and answer the two cost amounts at the bottom
To produce the next popular toy, a company has to pay a factory $250, 000 to set up the production line. They also have to pay $25 per item for the raw materials and labor. Write function for the average cost to produce x items. Then describe what happens to the average cost as the factory produces a large number of toys.
Please show the step by step solution
Is it possible to also get the graph for this problem?
Please I need help on the math question I don't ge it Suppose that the monthly cost, in dollars, of producing x chairs is C(x)=0.005x3+0.07x2+15x+600, and currently 35 chairs are produced monthly. a) What is the current monthly cost? b) What is the marginal cost when x=35? c) Use the result from part (b) to estimate the monthly cost of increasing production to 37 chairs per month. d) What would be the actual additional monthly cost of increasing production to 37 chairs monthly?
Cost, Revenue & ProfitFor these problems, xx will represent the number of items and yy will represent the money.The fixed costs for a certain item are $215 per week. The cost to produce each item is $2 per item.Using this information, what is the cost equation? Give your answer in slope-intercept form:y=y= The retailer intends to sell each item for $13/item.Using this information, what is the revenue equation? Give your answer in slope-intercept form:y=y= If in this week 13 items are made, and all items are sold in the week, what are the total costs to the retailer?Cost = $What is the revenue from selling 13 items?Revenue = $Finally, what is the profit for this retailer?Profit = $Box 1 & 2: Enter your answer as an expression. Example: 3x^2+1, x/5, (a+b)/cBe sure your variables match those in the question.