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If Y = C ( X ) Represents the Cost

question 33

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If y = c ( x ) represents the cost of producing x units in a manufacturing process, the elasticity of cost is defined as E(x) = marginal cost  average cost =C(x) C(x) /x=xydydxE ( x ) = \frac { \text { marginal cost } } { \text { average cost } } = \frac { C ^ { \prime } ( x ) } { C ( x ) / x } = \frac { x } { y } \frac { d y } { d x } . Find the cost function if the elasticity function is E(x) =12xy2y6xE ( x ) = \frac { 12 x - y } { 2 y - 6 x } , where C(90) =272C ( 90 ) = 272 and x90x \geq 90 .

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Definitions:

Operating Profit

Income generated from the principal activities of a company, not including interest and tax deductions.

Retail Price

The price at which goods or services are sold to the public.

Trade Discount

A reduction in the list price of goods or services offered to buyers, typically in the business-to-business market.

Wholesalers

Businesses or individuals that sell goods in large quantities at lower prices, typically to retailers or professional buyers.

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