a.
To calculate: The average cost of
a.
Answer to Problem 27E
The average cost is
Explanation of Solution
Given information:
The cost function is
Concept used:
The formula used is
Calculation:
The cost function is
Substitute
The total cost of producing
The total number of washing machines is
Substitute the values in the formula
Conclusion: The average cost is
b.
To calculate: The marginal cost of the
b.
Answer to Problem 27E
The marginal cost is
Explanation of Solution
Given information:
The cost function is
Concept used:
The formula used is
Calculation:
The cost function is
Differentiate the function with respect to
Substitute
Conclusion: The marginal cost is
c.
To show: The marginal cost of
c.
Explanation of Solution
Given information:
The cost function is
Concept used:
The formula used is
Calculation:
The cost function is
Differentiate the function with respect to
Substitute
Substitute
Substitute
Since the cost of
Conclusion: Thus the marginal cost is
Chapter 2 Solutions
Advanced Placement Calculus Graphical Numerical Algebraic Sixth Edition High School Binding Copyright 2020
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- Calculus: Early TranscendentalsCalculusISBN:9781319050740Author:Jon Rogawski, Colin Adams, Robert FranzosaPublisher:W. H. FreemanCalculus: Early Transcendental FunctionsCalculusISBN:9781337552516Author:Ron Larson, Bruce H. EdwardsPublisher:Cengage Learning