The total cost of producing x units of a product is given by: and all x units will sell when the price p of each unit is: p(x) 12. C(x) 10x 100vx+ 10,000, 1000 Find functions for the marginal cost and marginal revenue of producing and selling x units of this product. Use marginal analysis to estimate the cost of producing the 101st unit. (a) (b)

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 total cost of producing x units of a product is given by:
and all x units will sell when the price p of each unit is:
p(x)
12.
C(x) 10x 100vx+ 10,000,
1000
Find functions for the marginal cost and marginal revenue of
producing and selling x units of this product.
Use marginal analysis to estimate the cost of producing the 101st
unit.
(a)
(b)
Transcribed Image Text:The total cost of producing x units of a product is given by: and all x units will sell when the price p of each unit is: p(x) 12. C(x) 10x 100vx+ 10,000, 1000 Find functions for the marginal cost and marginal revenue of producing and selling x units of this product. Use marginal analysis to estimate the cost of producing the 101st unit. (a) (b)
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