Answer:
The current monthly cost is 1$,388.625
Step-by-step explanation:
We are given the following in the question:
[tex]C(x) = 0.001x^3 + 0.07x^2 + 16x + 700[/tex]
where C(x) is the monthly cost in dollars and x are the number of chairs produced.
Monthly chair production = 35
We have to evaluate monthly cost.
Putting x= 35 in the equation, we get,
[tex]C(35) = 0.001(35)^3 + 0.07(35)^2 + 16(35) + 700\\C(35) =1388.625[/tex]
Thus, the current monthly cost is 1$,388.625
