Please answer number 2 and show all work, thank you!! c) For a unit price of 100 dollars whathappens when we increase price a little bit?That is to say, what happens to the quantitydemanded when we increase the price a littlebit. Answer the same question for a unit priceof 300 dollars. (Your answer for both shouldbe in the form, a small increase in price from(100 or 300) would lead to an (increase ordecrease) and the number you get is apercent increase or decrease. For example isyour answer is 2 then that means 2%increase. If you answer is 1/2, then thatmeans a 0.5% decrease in demand.2. The cost of producing, "whatever youwants" is given by the cost functionC (x) = 500 + 350x – .09x²Find the actual cost of making the 301st"whatever you want" by finding C(301)-C(300)Now use marginal cost to approximate thisand see how close your approximation is?(Don't forget, YOU DO NOT DO C'(301)...just a hint)

2)Marigianal cost at x is C'(x) Given C(x) = 500+350x-0.09x2

2. The cost of producing, "whatever you wants" is given by the cost function C (x) = 500 + 350x – .09x² Find the actual cost of making the 301st "whatever you want" by finding C(301)- C(300) Now use marginal cost to approximate this and see how close your approximation is? (Don't forget, YOU DO NOT DO C'(301)... just a hint)

2. The cost of producing, "whatever you wants" is given by the cost function C (x) = 500 + 350x – .09x² Find the actual cost of making the 301st "whatever you want" by finding C(301)- C(300) Now use marginal cost to approximate this and see how close your approximation is? (Don't forget, YOU DO NOT DO C'(301)... just a hint)

Calculus: Early Transcendentals

8th Edition

ISBN:9781285741550

Author:James Stewart

Publisher:James Stewart

Chapter1: Functions And Models

Section: Chapter Questions

Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...

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