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A marginal cost function C' (q) is given in the figure below. If the fixed costs are $12,000, estimate the following Sunit 25 20 15 C(q) 10 0 15 30 45 60 75 90 9 (quantity) x Your answer is incorrect. (a) The total cost to produce 45 units. Round your answer to the nearest integer. The total cost is $ 270 Show Transcribed Text (b) The additional cost if the company increases production from 45 units to 60 units. Round your answer to the nearest integer. The additional cost is $330 eTextbook and Media Hint x Your answer is incorrect. (c) The value of C' (38). Interpret your answer in terms of costs of production. Round your answers to the nearest integer. C' (38)= approximately $ means that the cost of producing the Show Transcribed Text The total cost in dollars to produce q units of a product is C (q). Fixed costs are $11,000. The marginal cost is C' (q) 0.007q-q+63. Round your answers to two decimal places. (a) Find C (190), the total cost to produce 190 units. The total cost to produce 190 units is Si 20922.05 (b) Find the value of C' (190). C' (190) $ (c) Use parts (a) and (b) to estimate C (191). C(191) $

A marginal cost function C' (q) is given in the figure below. If the fixed costs are $12,000, estimate the following Sunit 25 20 15 C(q) 10 0 15 30 45 60 75 90 9 (quantity) x Your answer is incorrect. (a) The total cost to produce 45 units. Round your answer to the nearest integer. The total cost is $ 270 Show Transcribed Text (b) The additional cost if the company increases production from 45 units to 60 units. Round your answer to the nearest integer. The additional cost is $330 eTextbook and Media Hint x Your answer is incorrect. (c) The value of C' (38). Interpret your answer in terms of costs of production. Round your answers to the nearest integer. C' (38)= approximately $ means that the cost of producing the Show Transcribed Text The total cost in dollars to produce q units of a product is C (q). Fixed costs are $11,000. The marginal cost is C' (q) 0.007q-q+63. Round your answers to two decimal places. (a) Find C (190), the total cost to produce 190 units. The total cost to produce 190 units is Si 20922.05 (b) Find the value of C' (190). C' (190) $ (c) Use parts (a) and (b) to estimate C (191). C(191) $

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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A marginal cost function C' (q) is given in the figure below. If the fixed costs are $12,000, estimate the following Sunit 25 20 15 C(q) 10 0 15 30 45 60 75 90 9 (quantity) x Your answer is incorrect. (a) The total cost to produce 45 units. Round your answer to the nearest integer. The total cost is $ 270 Show Transcribed Text (b) The additional cost if the company increases production from 45 units to 60 units. Round your answer to the nearest integer. The additional cost is $330 eTextbook and Media Hint x Your answer is incorrect. (c) The value of C' (38). Interpret your answer in terms of costs of production. Round your answers to the nearest integer. C' (38)= approximately $ means that the cost of producing the Show Transcribed Text The total cost in dollars to produce q units of a product is C (q). Fixed costs are $11,000. The marginal cost is C' (q) 0.007q-q+63. Round your answers to two decimal places. (a) Find C (190), the total cost to produce 190 units. The total cost to produce 190 units is Si 20922.05 (b) Find the value of C' (190). C' (190) $ (c) Use parts (a) and (b) to estimate C (191). C(191) $
Transcribed Image Text:A marginal cost function C' (q) is given in the figure below. If the fixed costs are $12,000, estimate the following Sunit 25 20 15 C(q) 10 0 15 30 45 60 75 90 9 (quantity) x Your answer is incorrect. (a) The total cost to produce 45 units. Round your answer to the nearest integer. The total cost is $ 270 Show Transcribed Text (b) The additional cost if the company increases production from 45 units to 60 units. Round your answer to the nearest integer. The additional cost is $330 eTextbook and Media Hint x Your answer is incorrect. (c) The value of C' (38). Interpret your answer in terms of costs of production. Round your answers to the nearest integer. C' (38)= approximately $ means that the cost of producing the Show Transcribed Text The total cost in dollars to produce q units of a product is C (q). Fixed costs are $11,000. The marginal cost is C' (q) 0.007q-q+63. Round your answers to two decimal places. (a) Find C (190), the total cost to produce 190 units. The total cost to produce 190 units is Si 20922.05 (b) Find the value of C' (190). C' (190) $ (c) Use parts (a) and (b) to estimate C (191). C(191) $
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