Minimum daily cost calculations

Assignment Help Mathematics

Reference no: EM13123515

A specialty-freezer company has determined that the operating costs at one of its plants can be approximated by the function:

C = 0.35N2 - 20N + 2000

where C = daily operating cost (dollars) and N = daily production (freezers).

a. Create a data table and graph of this function between N=0 and N=100 freezers. Use a minimum of seven data points.

b. Judging from the graph, what is the minimum daily cost that can be attained?

c. Calculate the daily number of freezers which minimizes the operating costs. Show your calculation.

d. Calculate the exact minimum daily cost. Show your work.

Reference no: EM13123515

Questions Cloud

Calculate the equilibrium value of pb+2(aq) : Calculate the equilibrium value of Pb+2(aq) in 1.00 L of saturated PbCl2 solution to which 0.250 moles of NaCl(s) has been added. Assume that no volume change occurs.

Find boundary for critical region for the hypothesis test : A researcher is using a chi-square test to determine whether there are any preferences among four brands of cola. With alpha = .05 and a sample of n = 30, what is the boundary for the critical region for the hypothesis test.

Elucidate how a job cost sheet for liberty tax service : Assume that liberty tax service uses a job order costing system. For the basic cost category of direct materials, elucidate how a job cost sheet for liberty tax service would differ from a job cost sheet for a manufacturing company.

What is the real after-tax return on the investment : RCMP, Inc. shares rose 10 percent in value last year while the inflation rate was 3.5 percent. What was the real return on the stock? If an investor sold the stock after one year and paid taxes on the investment at a 15 percent tax rate, what is t..

Minimum daily cost calculations : A specialty-freezer company has determined that the operating costs at one of its plants can be approximated by the function:

What volume of 2.94 m hno3 can be made : What volume of 2.94 M HNO3 can be made by diluting 128 mL of concentrated nitric acid (16.0 M HNO3)

Projects equivalent annual cost : If the required return is 11 percent, what is the project's equivalent annual cost, or EAC? (Do not round your intermediate calculations.)

What is an audit procedure : How does the auditor's responsibility for detecting errors differ from their responsibility to detect fraud?

Do the results provide good evidence : Give a 99% confidence interval for the proportion of all U.S. adults who attended church or synagogue during the week preceding the poll.

User Account

All Pages