Marginal Average Cost for Producing Desks Custom Office makes a line of executive desks. It is estimated that the total cost for making x units of their Senior Executive model is represented by the following function, where C(x) is measured in dollars/year. Find the following functions (in dollars) and interpret your results. C(x) = 110x + 270,000 (a) Find the average cost function C. C(x) = (b) Find the marginal average cost function '. (x)= (c) What happens to C(x) when x is very large? lim C(x) = [ x-00
Marginal Average Cost for Producing Desks Custom Office makes a line of executive desks. It is estimated that the total cost for making x units of their Senior Executive model is represented by the following function, where C(x) is measured in dollars/year. Find the following functions (in dollars) and interpret your results. C(x) = 110x + 270,000 (a) Find the average cost function C. C(x) = (b) Find the marginal average cost function '. (x)= (c) What happens to C(x) when x is very large? lim C(x) = [ x-00
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Ex 3.4 Q3
Transcribed Image Text:Marginal Average Cost for Producing Desks Custom Office makes a line of executive desks. It is estimated that the total cost for making x units of their Senior Executive model is represented by the following function, where
C(x) is measured in dollars/year. Find the following functions (in dollars) and interpret your results.
C(x) = 110x + 270,000
(a) Find the average cost function C.
(x) =
(b) Find the marginal average cost function C¹.
C'(x) =
(c) What happens to C(x) when x is very large?
lim C(x) =
x-00
Interpret your results.
O This value is what the average cost per unit approaches if the production level is very low.
O This value is what the production level approaches if the average cost per unit is very high.
O This value is what the average cost per unit approaches if the production level is very high.
O This value is what the production level approaches if the average cost per unit is very low.
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