Suppose that the dollar cost of producing x appliances is c(x) = 1200+70x-0.1x². a. Find the average cost per appliance of producing the first 110 appliances. b. Find the marginal cost when 110 appliances are produced. c. Show that the marginal cost when 110 appliances are produced is approximately the cost of producing one more appliance after the first 110 have been made, by calculating the latter cost directly. The average cost per appliance of producing the first 110 appliances is $ /appliance. (Round to the nearest cent as needed.) ...

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...
icon
Related questions
Question
Suppose that the dollar cost of producing x appliances is c(x) = 1200+70x-0.1x².
a. Find the average cost per appliance of producing the first 110 appliances.
b. Find the marginal cost when 110 appliances are produced.
c. Show that the marginal cost when 110 appliances are produced is approximately the cost of producing one more appliance after the first 110 have been made, by calculating the latter cost directly.
The average cost per appliance of producing the first 110 appliances is $ /appliance.
(Round to the nearest cent as needed.)
←
Transcribed Image Text:Suppose that the dollar cost of producing x appliances is c(x) = 1200+70x-0.1x². a. Find the average cost per appliance of producing the first 110 appliances. b. Find the marginal cost when 110 appliances are produced. c. Show that the marginal cost when 110 appliances are produced is approximately the cost of producing one more appliance after the first 110 have been made, by calculating the latter cost directly. The average cost per appliance of producing the first 110 appliances is $ /appliance. (Round to the nearest cent as needed.) ←
Expert Solution
steps

Step by step

Solved in 4 steps with 4 images

Blurred answer
Recommended textbooks for you
Calculus: Early Transcendentals
Calculus: Early Transcendentals
Calculus
ISBN:
9781285741550
Author:
James Stewart
Publisher:
Cengage Learning
Thomas' Calculus (14th Edition)
Thomas' Calculus (14th Edition)
Calculus
ISBN:
9780134438986
Author:
Joel R. Hass, Christopher E. Heil, Maurice D. Weir
Publisher:
PEARSON
Calculus: Early Transcendentals (3rd Edition)
Calculus: Early Transcendentals (3rd Edition)
Calculus
ISBN:
9780134763644
Author:
William L. Briggs, Lyle Cochran, Bernard Gillett, Eric Schulz
Publisher:
PEARSON
Calculus: Early Transcendentals
Calculus: Early Transcendentals
Calculus
ISBN:
9781319050740
Author:
Jon Rogawski, Colin Adams, Robert Franzosa
Publisher:
W. H. Freeman
Precalculus
Precalculus
Calculus
ISBN:
9780135189405
Author:
Michael Sullivan
Publisher:
PEARSON
Calculus: Early Transcendental Functions
Calculus: Early Transcendental Functions
Calculus
ISBN:
9781337552516
Author:
Ron Larson, Bruce H. Edwards
Publisher:
Cengage Learning