Intermediate Algebra for College Students (7th Edition)

Published by Pearson
ISBN 10: 0-13417-894-7
ISBN 13: 978-0-13417-894-3

Chapter 6 - Test - Page 499: 24

Answer

(a.) $C(x)=300,000+10x$ (b.) $\bar{C}(x)=\frac{300,000+10x}{x}$. (c.) $20,000$ players.

Work Step by Step

Fixed monthly cost $=\$300,000$. Cost of each player $=\$10$. Number of players $=x$. (a.) Cost function is equal to fixed monthly cost plus total cost of $x$ players. $\Rightarrow C(x)=300,000+10x$ (b.) Average $=\frac{Total \;cost}{Number \;of \; players}$ $\Rightarrow \bar{C}(x)=\frac{C(x)}{x}$ $\Rightarrow \bar{C}(x)=\frac{300,000+10x}{x}$ Hence, the average cost function is $\bar{C}(x)=\frac{300,000+10x}{x}$. (c.) Replace $\bar{C}(x)$ by $25$. into the average cost function. $\Rightarrow 25=\frac{300,000+10x}{x}$ Multiply both sides by $x$ to clear fractions. $\Rightarrow 25x=x\cdot \left (\frac{300,000+10x}{x}\right )$ Simplify. $\Rightarrow 25x=300,000+10x$ Subtract $10x$ from both sides. $\Rightarrow 25x-10x=300,000+10x-10x$ Simplify. $\Rightarrow 15x=300,000$ Divide both sides by $15$. $\Rightarrow \frac{15x}{15}=\frac{300,000}{15}$ Simplify. $\Rightarrow x=20,000$.
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