Porschia N. answered 09/15/23
Professor of Accounting, CPA, CGMA MA in Business and B.S in Acc.
To find the cost of making 22 items using the given cubic cost function, you need to substitute x = 22 into the function and evaluate it. Here's how you can calculate it step by step:
Cost Function: C(x) = (1/40)x^3 - 1.2x^2 + 30x + 60
- Substitute x = 22 into the cost function: C(22) = (1/40)(22^3) - 1.2(22^2) + 30(22) + 60
- Calculate each term separately: C(22) = (1/40)(10,648) - 1.2(484) + 660 + 60
- Perform the calculations: C(22) = (266.2) - (580.8) + 660 + 60
- Add and subtract the values: C(22) = 266.2 - 580.8 + 660 + 60
- Calculate the final result: C(22) = 405.4 + 660 + 60
- Add the numbers: C(22) = 1125.4
So, the cost to make 22 items using the given cubic cost function is approximately 1125.4 units of whatever currency or cost unit is being used in this context.