(a) Explanation Given: It is given that the total cost can be obtained from C ( q ) = 3 q 2 + q + 500 ............... (i) Dollars, where q is the number of items. Differentiate above equation with respect to q. C ' ( q ) = ( 6 q + 1 ) (b) To determine In this question we need to estimate the actual cost of manufacturing 41st units.

6th Edition

ISBN: 9781465208880

Author: SMITH KARL J, STRAUSS MONTY J, TODA MAGDALENA DANIELE

Publisher: Kendall Hunt Publishing

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Question

Chapter 3.8, Problem 42PS

(a)

To determine

In this question we need to estimate the cost of manufacturing the 41^s^t unit, using given formula C(q)=3q2+q+500 .

(b)

To determine

In this question we need to estimate the actual cost of manufacturing 41st units.

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Chapter 3.8, Problem 41PS

Chapter 3.8, Problem 43PS

Students have asked these similar questions

Suppose a company manufactures MP3 players and sells them to retailers for $98 each. It has fixed costs of $262,500 related to the production of the MP3 players, and the cost per unit for production is $23. What is the marginal cost for this product? Is the marginal cost equal to the variable cost or the fixed cost?

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Chapter 3 Solutions

Calculus

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In this question we need to estimate the cost of manufacturing the 41 s t unit, using given formula C ( q ) = 3 q 2 + q + 500 .

Solution Summary: The author calculates the cost of manufacturing the 41st unit using the formula C(q)=3q2+q+500.

Concept explainers

Videos

In this question we need to estimate the cost of manufacturing the 41^s^t unit, using given formula C(q)=3q2+q+500 .

In this question we need to estimate the actual cost of manufacturing 41st units.

Want to see the full answer?

Chapter 3 Solutions

In this question we need to estimate the cost of manufacturing the 41 s t unit, using given formula C ( q ) = 3 q 2 + q + 500 .

Solution Summary: The author calculates the cost of manufacturing the 41st unit using the formula C(q)=3q2+q+500.

Concept explainers

Videos

In this question we need to estimate the cost of manufacturing the 41st unit, using given formula C(q)=3q2+q+500 .

In this question we need to estimate the actual cost of manufacturing 41st units.

Want to see the full answer?

Chapter 3 Solutions

In this question we need to estimate the cost of manufacturing the 41^s^t unit, using given formula C(q)=3q2+q+500 .