Explanation Given information: The provided choices are, (A) Equal to (B) Approximately equal to (C) Always slightly greater than (D) Always slightly less than Consider the cost function, C ( x ) = x 2 Calculate marginal cost. As, marginal cost is the derivative of the function. C ′ ( x ) = d d x ( x 2 ) As power rule of the function y = x n is d y d x = n x n − 1 . So, Apply power rule, C ′ ( x ) = 2 x 2 − 1 = 2 x At x = 1001 the derivative will be C ′ ( 1001 ) = 2 ( 1001 ) = 2002 Thus the marginal cost of producing the 1 , 001 s t item is 2002 Calculate the actual cost of producing 1 , 001 s t item

Student Solutions Manual for Waner/Costenoble's Finite Math and Applied Calculus, 7th

7th Edition

ISBN: 9781337275972

Author: Waner, Stefan; Costenoble, Steven

Publisher: Cengage Learning

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Chapter 11.2, Problem 35E

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The relation between marginal cost of producing the 1,001st item and the actual cost of producing 1,001st item from the provided options.

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Chapter 11.2, Problem 34E

Chapter 11.2, Problem 36E

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Chapter 11 Solutions

Student Solutions Manual for Waner/Costenoble's Finite Math and Applied Calculus, 7th

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The relation between marginal cost of producing the 1 , 001 s t item and the actual cost of producing 1 , 001 s t item from the provided options.

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The relation between marginal cost of producing the 1,001st item and the actual cost of producing 1,001st item from the provided options.

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Chapter 11 Solutions