Question: Consider the cost function of Example 6. (a) Graph C(x) in the window [0, 60] by [-300, 1260]. (b) For what level of production will
Consider the cost function of Example 6.
(a) Graph C(x) in the window [0, 60] by [-300, 1260].
(b) For what level of production will the cost be $535?
(c) For what level of production will the marginal cost be $14?
Example 6.
Suppose that the cost of producing x items is
C(x) = .005x3 - .5x2 + 28x + 300 dollars, and daily production is 50 items.
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