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Earn +20 ptsQ: What is the unit cost of polystrene?
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One yard of ribbon cost 0.49 and 3 yards of ribbon cost 1.46 which has the lower unit price?
1 yard cost 0.49 so the unit cost is 0.49 per yard. 3 yards cost 1.46 so the unit cost is 1.46/3 = 0.4866.. per yard So the second has the lower unit price.
How do you calculate unit cost as you increase production?
Increase in cost: take the first derivative with respect to the unit produced of a cost function. Total cost: sub-in the new quantity into the cost function.
What is the total cost formula?
Total cost = cost per unit x units produced or Total cost = cost per unit x units sold or Fixed costs + Variable costs
If a dozen eggs cost 1.35 what is the unit cost?
1.35 ÷ 12 = 0.1125
What is a mathematical unit rate?
A unit rate is a rate that has a denominator of 1. Examples of unit rates include unit cost, gas, mileage and speed
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