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Marginal Cost A division of Ditton Industries manufactures a deluxe toaster oven. Management has determined that the daily marginal cost function associated with producing these toaster ovens is given by C'(x) = 0.0006x² 0.14x + 25 where C'(x) is measured in dollars per unit and x denotes the number of units produced. Management has also determined that the daily fixed cost incurred in the production is $900. (a) Find the total cost incurred by Ditton in producing the first 300 units of these toaster ovens per day. $ (b) What is the total cost incurred by Ditton in producing the 201st through 300th units/day?

Marginal Cost A division of Ditton Industries manufactures a deluxe toaster oven. Management has determined that the daily marginal cost function associated with producing these toaster ovens is given by C'(x) = 0.0006x² 0.14x + 25 where C'(x) is measured in dollars per unit and x denotes the number of units produced. Management has also determined that the daily fixed cost incurred in the production is $900. (a) Find the total cost incurred by Ditton in producing the first 300 units of these toaster ovens per day. $ (b) What is the total cost incurred by Ditton in producing the 201st through 300th units/day?

Calculus: Early Transcendentals
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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Marginal Cost A division of Ditton Industries manufactures a deluxe toaster oven. Management has determined that the daily marginal cost function associated with producing these toaster ovens is given by C'(x) = 0.0006x² - 0.14x + 25 where C'(x) is measured in dollars per unit and x denotes the number of units produced. Management has also determined that the daily fixed cost incurred in the production is $900. (a) Find the total cost incurred by Ditton in producing the first 300 units of these toaster ovens per day. $ (b) What is the total cost incurred by Ditton in producing the 201st through 300th units/day? $
Transcribed Image Text:Marginal Cost A division of Ditton Industries manufactures a deluxe toaster oven. Management has determined that the daily marginal cost function associated with producing these toaster ovens is given by C'(x) = 0.0006x² - 0.14x + 25 where C'(x) is measured in dollars per unit and x denotes the number of units produced. Management has also determined that the daily fixed cost incurred in the production is $900. (a) Find the total cost incurred by Ditton in producing the first 300 units of these toaster ovens per day. $ (b) What is the total cost incurred by Ditton in producing the 201st through 300th units/day? $
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