Exercise 2 ( Let C(x) be the total cost of producing x units of a particular commodity and p(x) is the unit price at which all x units will be sold. Assume p(x) and C(x) are in dollars. C(x) = x³ 3x² + 4x+1 p(x) = 9-2x a) Find the marginal cost when 10 units of commodity be sold. Explain the economic implications of your result. b) Find the number of units of that commodity to maximize profit. -

Q: A manufacturer believes that the cost function 3 C(x) = ² + The manufacturer can make up to This…

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Q: C(x)=.03x^3-.2x^2+12x+250 where c is given in dollars . Determine r(x) if items are sold at $120…

A: Given that - C(x)=0.03x3 - 0.2x2 + 12x + 250 where c is given in dollars.

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A: the given cost function C(x)=1700(x2+5)(1/3)+800 , for the production of x airplanesrate of change…

Q: The price-demand equation and the cost function for the production of a certain product ar r = 6940…

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Q: A manufacturer believes that the cost function C(x) The manufacturer can make up to This leads to a…

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Q: Find the marginal profit when (a) x= 300, (b)x=2000, (c) x=6000, and (d) x = 12,000. (a) When x =…

A: Given P(x) = 0.06x ^ 2 - 3x + 7x ^ 0.4 - 5100 P(x) = 0.06x ^ 2 - 3x + 7x ^ 0.4

Q: Suppose that the marginal cost to produce backpacks at a production level of x backpacks is 5x4 +…

A: Find the cost function

Q: Consider the cost function C(x) = −x^3 + 10x^2 + 20x. Find the maximum of the average cost function.

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