Explanation Given information: The cost of producing q items is C ( q ) = 2500 + 12 q d o l l a r s . Concept Used: Marginal cost: If you can model your cost as a function of quantity, the derivative of that is the marginal cost. It's the rate at which costs are increasing for that incremental unit. If the cost of producing a quantity q is C ( q ) , then the marginal cost, M ( q ) , of producing a quantity q is given by M ( q ) = C ' ( q ) To determine (b) To find: The average cost of producing the 100 th item and 1000 th item.

6th Edition

ISBN: 9781119399322

Author: Hughes-Hallett

Publisher: WILEY

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Sequence and Series

A sequence is defined as a collection of things. Series is defined to sum the things one by one in the sequence. It was invented by German mathematician Carl Friedrich Gauss.

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Question

Chapter 4.5, Problem 4P

To determine

(a)

To find:

The marginal cost of producing the 100^th item and 1000^th item.

To determine

(b)

To find:

The average cost of producing the 100^th item and 1000^th item.

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Chapter 4.5, Problem 3P

Chapter 4.5, Problem 5P

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Chapter 4 Solutions

APPLIED CALCULUS (WILEY PLUS)

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