The Total Cost (In Dollars) of Producing 1 Unit of a Product

question 46

Multiple Choice

The total cost (in dollars) of producing 1 unit of a product is given by , where x represents the cost per pound of raw materials and y represents the hourly rate for labor. The present cost for raw materials is $15 per pound and the present hourly rate for labor is $11. Indicate how to use the cost function C to determine how an increase of $1 per pound for raw materials will affect the total cost. Round your answer to two decimal places. ​

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