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A chemical company spends $2 million to buy machinery before it starts producing chemicals. Then it spends $0.5 million on raw materials for each million liters of chemical produced.

A) The number of liters produced ranges from 0 to 5 million. Make a table showing the relationship between the number of million liters produced, l, and the total cost, C, in millions of dollars, to produce that number of million liters.

B) Find a formula that expresses C as a function of l.

please help me with the answers of these two problems. ​

Answer :

The formula that expresses the the total cost to the number of liters produced is C = $2 million + $0.5 million(l)

What is total cost?

Total cost is the sum of fixed cost and variable cost. Fixed cost is the cost of buying the machine. Variable cost is the cost of the raw materials.

Total cost = fixed cost + (variable cost x liters produced)

= $2 million + ($0.5 million x l)

What is the cost of producing 0 to 5 liters?

  • 0 liter = $2 million
  • 1 liter = $2 million + ($0.5 million x 1)  = $2.5 million
  • 2 liter = $2 million + ($0.5 million x 2)  = $3 million
  • 3 liter = $2 million + ($0.5 million x 3)  = $3.5 million
  • 4 liter = $2 million + ($0.5 million x 4)  = $4 million
  • 5 liter = $2 million + ($0.5 million x 5)  = $4.5 million

Please find attached the required table. To learn more about total cost,  please check: https://brainly.com/question/25717996

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