In manufacturing a medical equipment, a firm incurs costs of two types.Fixed annual cost of $145,500 are incurred regardless of the number of units produced. IN addition each unit produced costs the firm $7. If C equals to total annual cost in dollars and x equals the number of units produced durinf a year.
(a) Develop the function C=f(x) which expresses annual cost.
(b)Calculate f(320,700)? what does f(320,700) represents?
(c) State the restricted domain and restricted range of the function if maximum production capacity is 900,000 units per year.
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Step-by-step explanation:
$145,500 represents
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