In deciding whether to estabilish the new manufacturing plant, company analysts have made decision that linear fuction is the reasonable estimation for total cost c(x) in dollars to produce x items. They evaluate cost to make 10,000 items as $547,500 and cost to produce50,000 items as $737,500.
a) Compute a formula for c(x).
b) Compute fixed cost.
c) Compute total cost to produce 100,000 items.
d) Compute marginal cost of items to be made in this plant and what does this mean to manager?