a) Explanation Given: Suppose the total cost of producing x units of a particular commodity is modeled by C ( x ) = 1 7 x 2 + 4 x + 100 And that each unit of the commodity can be sold for p ( x ) = 1 4 ( 80 − x ) Calculation: Cost of producing x units is C ( x ) = 1 7 x 2 + 4 x + 100 Selling price of commodity is p b) To determine To find: the price when the marginal cost is 10. c) To determine To estimate: the cost of producing the 11 t h unit d) To determine To find: the actual cost of producing the 11 t h unit.

7th Edition

ISBN: 9781524916817

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

Publisher: Kendall Hunt Publishing

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Question

Chapter 3.8, Problem 44PS

To determine

To find: the marginal cost.

To determine

To find: the price when the marginal cost is 10.

To determine

To estimate: the cost of producing the 11^t^h unit

To determine

To find: the actual cost of producing the 11^t^h unit.

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Chapter 3.8, Problem 43PS

Chapter 3.8, Problem 45PS

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Chapter 3 Solutions

Calculus

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the marginal cost.

Solution Summary: The author calculates the marginal cost of producing x units of a particular commodity, modeled by C(x)=17x

Concept explainers

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To find: the marginal cost.

To find: the price when the marginal cost is 10.

To estimate: the cost of producing the 11th unit

To find: the actual cost of producing the 11th unit.

Want to see the full answer?

Chapter 3 Solutions

To estimate: the cost of producing the 11^t^h unit

To find: the actual cost of producing the 11^t^h unit.