Question

Suppose that the monthly​ cost, in​ dollars, of producing x chairs is ​C(x)equals0.001 x cubed plus 0.07 x squared plus 16 x plus 700​, and currently 35 chairs are produced monthly. ​a) What is the current monthly​ cost?

Answer 1

The current monthly cost is 1$,388.625

Explanation:

We are given the following in the question:

`C(x) = 0.001x^3 + 0.07x^2 + 16x + 700`

where C(x) is the monthly cost in dollars and x are the number of chairs produced.

Monthly chair production = 35

We have to evaluate monthly cost.

Putting x= 35 in the equation, we get,

`C(35) = 0.001(35)^3 + 0.07(35)^2 + 16(35) + 700\\C(35) =1388.625`

Thus, the current monthly cost is 1$,388.625