ou need to buy some chicken for dinner tonight. you found an ad showing that the store across town has it on sale for $3.09 a pound, which is cheaper than your usual neighborhood store, which sells it for $3.29 a pound. is it worth the extra drive? first, determine what information you need to answer this question, then click here to display that info (along with other info). how much chicken will you be buying? 3 pounds how much far are the two stores? my neighborhood store is 2.3 miles away, and takes about 7 minutes. the store across town is 8.4 miles away, and takes about 22 minutes. how kind of mileage does your car get? it averages about 23 miles per gallon in the city. how many gallons does your car hold? about 14 gallons how much is gas? about $3.87/gallon right now. going to the close store is cheaper going to the further store is cheaper the cheaper option saves you $ give your answer to the nearest cent.

A mathematical formula known as the cost function is used to graph how production costs will change depending on the output level. To put it another way, it calculates the overall cost of production based on the quantity that is produced.

1) Let's compare chicken costs:

$3.09 * 3 = $9.27 (far store)

$3.29 * 3 = $9.87 (near store)

2) Now let's look at how much it costs to travel in your car:

[tex]\frac{3.87}{23} = 0.169\ per \ mile[/tex]

= $0.169 per mile.

3) Next, let's look how much it costs to travel to each store from the gas used. Multiply by 2 because you not only have to drive there, but also back home for the round trip:

2.3 miles * 2 = 4.6 miles

8.4 miles * 2 = 16.8 miles

4) Now to find the cost of gas for the respective trips:

$0.169 * 4.6 = $0.78

$0.169 * 16.8 = $2.84

5) We can just eyeball it from here that it's not worth it to travel, but for completion's sake, let's add the gas and chicken costs together:

$9.27 + $0.78 = $10.05 to the far store

$9.87 + $2.84 = $12.71 to the near store

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