A pen manufacturer determined that the total cost in dollars of producing x dozen pens in one day
is given by:
C(x) = 350 + 2x – 0.01x2, 0 x 100
Find the marginal cost at a production level of 70 dozen pens and interpret the result.
The marginal cost is $0.62/doz. The cost of producing 1 dozen more pens at a production level
of 70 dozen pens is approximately $0.62.
The marginal cost is $0.59/doz. The cost of producing 1 dozen more pens at a production level
of 70 dozen pens is approximately $0.59.
The marginal cost is $0.58/doz. The cost of producing 1 dozen more pens at a production level
of 70 dozen pens is approximately $0.58.
The marginal cost is $0.60/doz. The cost of producing 1 dozen more pens at a production level
of 70 dozen pens is approximately $0.60.
The demand equation for a certain item is p = 14 –x
1,000 and the cost equation is C(x) = 7,000 + 4x.
Find the marginal profit at a production level of 3,000 and interpret the result.
$14; at the 3,000 level of production, profit will increase by approximately $14 for each unit
increase in production.
$7; at the 3,000 level of production, profit will increase by approximately $7 for each unit
increase in production.
$16; at the 3,000 level of production, profit will increase by approximately $16 for each unit
increase in production.
$4; at the 3,000 level of production, profit will increase by approximately $4 for each unit
increase in production.
An object moves along the y–axis (marked in feet) so that its position at time t (in seconds) is given
by f(t) = 9t3– 9t2+ t + 7. Find the velocity at three seconds.