a.
To calculate: The average cost of producing 100 machines.
a.
Answer to Problem 27E
The correct answer is
Explanation of Solution
Given information: In the question, dollar cost of producing
Calculation:By formula we can find, average cost of producing 100 washing machines.
Thus, the correct answer is
b.
To calculate: The marginal cost when 100 machines are produced.
b.
Answer to Problem 27E
The correct answer is
Explanation of Solution
Given information: In the question, dollar cost of producing
Calculation:
Find the marginal cost, by using
Thus, the correct answer is
c.
To calculate:
c.
Answer to Problem 27E
The correct answer
Explanation of Solution
Given information: In the question, dollar cost of producing
Calculation:
To find cost of 100 washing machines, we will put
Similarly,
Find the difference between
See the above value is approximately equal to marginal cost of 100 washing machines.
Thus, the correct answer is
Chapter 3 Solutions
Calculus 2012 Student Edition (by Finney/Demana/Waits/Kennedy)
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