Question #6 - The monthly cost of producing "X" units in our factory is given by the function C(x) = .001x³ +.05x² +1000. The revenue generated from selling these units is given by the function R(x)=20x-.5x². Currently there are 15 units produced monthly. A) Find the equation for Marginal Cost B) Find the equation for Marginal Profit. C) What is the additional cost of raising the output to 16 units?

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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Question #6 - The monthly cost of producing "X" units in our factory is given by the
function C(x) = .001x³ +.05x² +1000. The revenue generated from selling these units is
given by the function R(x) = 20x-.5x². Currently there are 15 units produced monthly.
A) Find the equation for Marginal Cost
B) Find the equation for Marginal Profit.
C) What is the additional cost of raising the output to 16 units?
Transcribed Image Text:Question #6 - The monthly cost of producing "X" units in our factory is given by the function C(x) = .001x³ +.05x² +1000. The revenue generated from selling these units is given by the function R(x) = 20x-.5x². Currently there are 15 units produced monthly. A) Find the equation for Marginal Cost B) Find the equation for Marginal Profit. C) What is the additional cost of raising the output to 16 units?
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