Find an Equation for the Rational Function Graph $f ( x )$

question 158

Multiple Choice

Find an equation for the rational function graph.
-Suppose the cost per ton, $f ( x )$ , to build an oil platform of $x$ thousand tons is approximated by $f ( x ) = \frac { 62,500 } { x + 125 }$ . What is the cost per ton for $x = 30$ ?

• A) \(\$ 403.23\)
• B) \(\$ 2083.33\)
• C) \(\$ 1958.33\)
• D) \(\$ 16.67\)

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Definitions:

Interest Rates

The cost, represented as a portion of the principal, that a borrower must pay to a lender for borrowing assets.

Present Value

The contemporary value of money or cash flows due in the future, calculated with a designated rate of return.

Received

To have been given, accepted, or acknowledged something that is sent or provided.

Economic Rent

The excess payment made to a factor of production over and above what is needed to keep it in its current use.