Modeling Costs for the General Store1. Remember the form of a quadratic equation: ax2+bx+c2. You will use: W=-.01x2+100x+c where (-.01x2+100x) represents the store's variable costs and c is the store's fixed costs.3. So, W is the stores total monthly costs based on the number of items sold, x.4. Think about what the variable and fixed costs might be for your fictitious storefront business - and be creative. Start by choosing a fixed cost, c, between $5,000 and $10,000, according to the following class chart:5. My last name is Haggins so my fixed cost would be be between $5800-$6400If your last name starts with the letter Choose a fixed cost betweenA-E $5000-$5700F-I $5800-$6400J-L $6500-$7100M-O $7200-$7800P-R $7800-$8500S-T $8600-$9200U-Z $9300-$10,0006. Post your chosen c value in your subject line, so your classmates can easily scan the discussion thread and try to avoid duplicating your c value. (Different c values make for more discussion.)7. Your monthly cost is then, W = -.01x^2+100x+c.8. Substitute the c value chosen in the previous step to complete your unique equation pblackicting your monthly costs.9. Next, choose two values of x (number of items sold) between 100 and 200. Again, try to choose different values from classmates.10. Plug these values into your model for W and evaluate the monthly business costs given that sales volume.11. Discuss results and alternate business decisions.

Question

Modeling Costs for the General Store1. Remember the form of a quadratic equation: ax2+bx+c2. You will use: W=-.01x2+100x+c where (-.01x2+100x) represents the store&#039;s variable costs and c is the store&#039;s fixed costs.3. So, W is the stores total monthly costs based on the number of items sold, x.4. Think about what the variable and fixed costs might be for your fictitious storefront business - and be creative. Start by choosing a fixed cost, c, between $5,000 and $10,000, according to the following class chart:5. My last name is Haggins so my fixed cost would be be between $5800-$6400If your last name starts with the letter        Choose a fixed cost betweenA-E        $5000-$5700F-I        $5800-$6400J-L        $6500-$7100M-O        $7200-$7800P-R        $7800-$8500S-T        $8600-$9200U-Z        $9300-$10,0006. Post your chosen c value in your subject line, so your classmates can easily scan the discussion thread and try to avoid duplicating your c value. (Different c values make for more discussion.)7. Your monthly cost is then, W = -.01x^2+100x+c.8. Substitute the c value chosen in the previous step to complete your unique equation pblackicting your monthly costs.9. Next, choose two values of x (number of items sold) between 100 and 200. Again, try to choose different values from classmates.10. Plug these values into your model for W and evaluate the monthly business costs given that sales volume.11. Discuss results and alternate business decisions.

Tamoni5e · Accepted Answer

my last name is paliwalso my fixed cost would be 7800$ to 8500$i choose c to be 8000$W=-.01x2+100x+ 8000let x be 100w= -100+ 10000+ 8000= 17900let x be 200w= -400+20000+8000= 27600so the cost is increasing as i m increasing the value of x means the variable cost is increasing

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