Question

0- IAS Engineering manufactures castings. The total fixed cost for each casting is £80 and the variable cost per unit is £6. a) Calculate an expression for total cost (c) in terms of q, the quantity produced. b) Use your answer in a) to determine the total cost if 150 units are produced. c) Prepare a graph of the expression for total cost. d) Use your graph to determine the total cost if 100 units are produced. e) Search the Web for a media account that involves statistical information. For example, you may be able to locate a report on a disease, a clinical trial, or a new medical device. Alternatively, if you do not have access to the Web, newspaper articles may cover similar topics. Sometimes advertisements for medicines present statistics. Select one media account and answer the following questions:

Answer 1

total fixed cost for each casting is £80 and the variable cost per unit is £6. a) Calculate an expression for total cost (c) in terms of q, the quantity produced. b) Use your answer in a) to determine the total cost if 150 units are produced. c) Prepare a graph of the expression for total cost. d) Use your graph to determine the total cost if 100 units are produced. e) Search the Web for a media account that involves statistical information. For example, you may be able to locate a report on a disease, a clinical trial, or a new medical device. Alternatively, if you do not have access to the Web, newspaper articles may cover similar topics. Sometimes advertisements for medicines present statistics. Select one media account and answer the following questions: