Raymond B. answered 04/07/24
Math, microeconomics or criminal justice
10125 = 63r + F
24295 = 172r + F where F=Fixed Costs and r= variable cost per refrigerator
fixed cost + variable cost = Total Cost=C
2 equations 2 unknowns
solve by elimination substitution or matrix algebra for r and F
subtract 1st equation from 2nd
14170 = 109r
r = 14170/109 = $130
F= 10125-63(130)= 10125-819= $9306 = Fixed cost
then
C(x)= xr+F
and
C(177) = 177r+F, just plug in the values for r and F
= 177(130)+ 9306= $32316 for 177
MC = Marginal Cost = cost of an additional refrigerator = C'(x) = (xr+F)' = r= $130