*Functions and applications: Toms terrific table company produces and sells dinning room tables. On a good...

*Functions and applications:

Toms terrific table company produces and sells dinning room tables. On a good day Toms can produce 10 tables at a cost of $6300. On a slow day Toms can produce 4 tables at a cost of $5400.

a. write the cost function C(x) where x represents the number of tables produced

b. what is the marginal cost, and what does it represent ?

c. what is the fixed cost and what does it represent ?

d. Tom sells the tables for $950. How many tables need to be produced and sold each day for Toms to break even?

e. on a slow day only 4 tables are produced and sold . What is Toms profit/loss?

f. On a good day 10 tables are produced and sold. What is Toms profit/loss ?

Expert Solution

Colby Messinger answered 2 years ago

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