# Question: The cost function of a certain commodity is C x

The cost function of a certain commodity is C(x) = 78 + .16x − .0006x 2 + .000003x 3.(a) Find C ′ (100). (What does this mean?) (b) Find the total cost of producing 101 items.

**View Solution:**## Answer to relevant Questions

Suppose that a consumer's utility function is U(x,y)= xy + 10y. The marginal utilities for this utility function are MUx= y and MUy = x+10. The price of good x is Px and the price of good y is Py, with both prices positive. ...Customers arrive at Paul Harrold’s Styling Shop at a rate of 3 per hour, distributed in a Poisson fashion. Paul can perform haircuts at a rate of 5 per hour, distributed exponentially.a) Find the average number of ...In a past presidential election, the actual voter turnout was 61%. In a survey, 1002 subjects were asked if they voted in the presidential election.a) Find the mean and standard deviation for the number of actual voters in ...Three fair coins are tossed, and we let X1 denote the number of heads that appear. Those coins that were heads on the first trial (there were X1 of them) we pick up and toss again, and now we let X2 be the total number of ...Show & Sell can advertise its products on local radio and television (TV). The advertising budget is limited to $10,000 per month. Each minute of radio advertising costs $15 and each minute of TV commercials $300. Show & ...Post your question