Ask Question
10 July, 13:15

The cost of renting tuxes for the Choral Society's formal is $20 down plus $88 per tux. Express the cost? as a function of x, the number of tuxedos rented. a. What is the cost of renting two tuxes? b. What is the cost of the second tux? c. What is the cost of the tenth tux? d. What is the variable cost? e. What is the fixed cost? f. What is the marginal cost?

+5
Answers (1)
  1. 10 July, 15:04
    0
    a. $196

    b. $88

    c. $88

    d. $88 (x)

    e. $20

    f. $88

    Explanation:

    Given:

    Rent = $20

    Cost per Tux = $88

    x = Number of tux

    Since $20 is rent regardless, how many tuxes we rent

    Cost function C (x) = 88 (x) + 20

    A. Cost of renting two tuxes

    C (2) = $88 (2) + $20

    = $176 + $20

    = $196

    B. All tuxes has same cost, so cost of second tux = $88

    C. All tuxes has same cost, so cost of tenth tux = $88

    D. Here variable cost means value of tuxes, so variable cost = $88 (x)

    E. Here rent is described as fixed cost = $20

    F. Marginal cost = change in cost / change in quantity

    = ${ (2*88) - (1*88) } / 2-1

    = $88
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “The cost of renting tuxes for the Choral Society's formal is $20 down plus $88 per tux. Express the cost? as a function of x, the number of ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers