Finite Math and Applied Calculus (6th Edition)

Published by Brooks Cole
ISBN 10: 1133607705
ISBN 13: 978-1-13360-770-0

Chapter 11 - Section 11.2 - A First Application: Marginal Analysis - Exercises - Page 805: 4

Answer

$C^{\prime}(100)=\$ 49.00 $ per item

Work Step by Step

The marginal cost function is the derivative $C^{\prime}$ of the cost function C. The units of marginal cost are units of cost (dollars, say) per item. ----------------- $C(x)=20,000+50x+\displaystyle \frac{10,000}{x}$ $C(x)=20,000+50x+10,000x^{-1}$ $C^{\prime}(x)=0+50+10000(-x^{-2})$ $=50-10000x^{-2}$ $C^{\prime}(100)=50-10,000(100^{-2})$ $=50-1=49 $ (dollars per item) $C^{\prime}(100)=\$ 49.00 $ per item
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