The cost (in dollars) of producing 4 items is given by C(q) = 0.03q3 + 8lą + 1000. %3D (a) Find the marginal cost function. Click here to enter or edit your answer C'(q) = (b) Find C(/0) and C (70). Give units with your answers and explain what each is telling you about costs of production. C(70) = %3D C (70) = |3| A►

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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The cost (in dollars) of producing 4 items is given by C(q) = 0.03q3 + 8lą + 1000.
%3D
(a) Find the marginal cost function.
Click here to enter or edit your answer
C'(q) =
(b) Find C(/0) and C (70). Give units with your answers and explain what each is telling you about costs of production.
C(70) =
%3D
C (70) =
|3|
A►
Transcribed Image Text:The cost (in dollars) of producing 4 items is given by C(q) = 0.03q3 + 8lą + 1000. %3D (a) Find the marginal cost function. Click here to enter or edit your answer C'(q) = (b) Find C(/0) and C (70). Give units with your answers and explain what each is telling you about costs of production. C(70) = %3D C (70) = |3| A►
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