The marginal cost of drilling an oil well depends on the depth at which you are drilling; drilling becomes more expensive, per meter, you dig deeper into the earth. The fixed costs are 1,000,000 riyals (the riyal is the unit of currency of Saudi Arabia), and, if x is the depth in meters, the marginal costs are C'(x) = 3000 + 14x riyals/meter. Find the total cost of drilling a 500-meter well. Do not use commas in your submitted answer. The cost is i riyals.
The marginal cost of drilling an oil well depends on the depth at which you are drilling; drilling becomes more expensive, per meter, you dig deeper into the earth. The fixed costs are 1,000,000 riyals (the riyal is the unit of currency of Saudi Arabia), and, if x is the depth in meters, the marginal costs are C'(x) = 3000 + 14x riyals/meter. Find the total cost of drilling a 500-meter well. Do not use commas in your submitted answer. The cost is i riyals.
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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Transcribed Image Text:The marginal cost of drilling an oil well depends on the depth at which you are drilling; drilling becomes more expensive, per meter, as
you dig deeper into the earth. The fixed costs are 1,000,000 riyals (the riyal is the unit of currency of Saudi Arabia), and, if x is the
depth in meters, the marginal costs are
C' (x) =
= 3000 + 14x riyals/meter.
Find the total cost of drilling a 500-meter well. Do not use commas in your submitted answer.
The cost is
i
riyals.
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