Let C(x) be the cost function and R(x) the revenue function. Compute the marginal cost, marginal revenue, and the
marginal profit functions.
C(x) =0.0003x3– 0.06x2+ 300x + 10,000
R(x) =350x
C'(x) =0.0009x2– 0.12x + 300
R'(x) =350
P'(x) =0.0009x2– 0.12x – 50
C'(x) =0.0009x2– 0.12x + 300
R'(x) =350
P'(x) = – 0.0009x2+ 0.12x + 50
C'(x) =0.0009x2+ 0.12x + 300
R'(x) =350
P'(x) =0.0009x2+ 0.12x + 50
The total cost to produce x units of paint is C(x) = (5x + 3)(7x + 4). Find the marginal average cost function.
The total profit from selling x units of doorknobs is P(x) =(6x – 7)(9x – 8). Find the marginal average profit
function.
The total cost in dollars of producing x lawn mowers is given by C(x) = 4,000 + 90x –x2
3. Find the marginal
average cost at x = 20, C‘(20) and interpret the result.
–$10.33; a unit increase in production will decrease the average cost per unit by approximately $10.33 at a
production level of 20 units.
–$13.33; a unit increase in production will decrease the average cost per unit by approximately $13.33 at a
production level of 20 units.
–$1.33; a unit increase in production will decrease the average cost per unit by approximately $1.33 at a
production level of 20 units.
–$20.33; a unit increase in production will decrease the average cost per unit by approximately $20.33 at a
production level of 20 units.