a company is planning to manufacture wheelchairs. the fixed mnthly cost will be $500,000 and it will cost $400 to produce each chair.
what is the cost function?
write the average cost function of producing x chairs.
if each chair sells for 600, write an equation to determine how many chairs must be sold to break even each month and solve it
function cost = F(C)
F(C) = 500,000 + 400 C
average cost function
F(x) =(500,000 + 400 x)/x
F(250) = 500,000+ 400 *250= 600,000
F(S) = 500,000 +600 S
let F(S) should be equal to 600, 000
500,000+ 600S = 600,000
600S = 1000
S = 1000/600=
regarding any doubt let me know.
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