The cost function for production of a commodity is C(x) = 339 + 25x 0.09x 2
Question:
The cost function for production of a commodity is
C(x) = 339 + 25x – 0.09x2 + 0.0004x3
(a) Find and interpret C'(100).
(b) Compare C'(100) with the cost of producing the 101st item.
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a To find and interpret C100 we need to calculate the derivative of the cost function Cx with respec...View the full answer
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