Refer to Exercise 47. Use the formula for C(x) to show directly that C(x + 1) -

Question:

Refer to Exercise 47. Use the formula for C(x) to show directly that C(x + 1) - C(x) = 12. Interpret your result as it pertains to the marginal cost.


Exercise 47

Let C(x) = 12x + 1100 denote the total cost (in dollars) of manufacturing x units of a certain commodity per day.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Calculus And Its Applications

ISBN: 9780134437774

14th Edition

Authors: Larry Goldstein, David Lay, David Schneider, Nakhle Asmar

Question Posted: