1. The weekly cost to produce x widgets is given by C(x) = 75,000 + 100x...

 

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1. The weekly cost to produce x widgets is given by C(x) = 75,000 + 100x - 0.03x2 + 0.000004x3 0 <x< 10000 and the demand function for the widgets is given by, = 200 – 0.005x 0Sxs 10000 | Determine the 1. average cost, 2. marginal cost, 3. marginal revenue and 4. marginal profit when 2500 widgets are sold and when 7500 widgets are sold. Assume that the company sells exactly what they produce. 1. The weekly cost to produce x widgets is given by C(x) = 75,000 + 100x - 0.03x2 + 0.000004x3 0 <x< 10000 and the demand function for the widgets is given by, = 200 – 0.005x 0Sxs 10000 | Determine the 1. average cost, 2. marginal cost, 3. marginal revenue and 4. marginal profit when 2500 widgets are sold and when 7500 widgets are sold. Assume that the company sells exactly what they produce.

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The first thing we need to do is get all the various functions that well need Here are the revenue a... View the full answer