Suppose that the cost (in dollars) for a company to produce pairs of a new line

Question:

Suppose that the cost (in dollars) for a company to produce ϰ pairs of a new line of jeans is

C(ϰ) = 2000 + 3ϰ + 0.01ϰ2 + 0.0002ϰ3

(a) Find the marginal cost function.

(b) Find C'(100) and explain its meaning. What does it predict?

(c) Compare C'(100) with the cost of manufacturing the 101st pair of jeans.

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

Step by Step Answer:

Related Book For  answer-question

Calculus Early Transcendentals

ISBN: 9781337613927

9th Edition

Authors: James Stewart, Daniel K. Clegg, Saleem Watson, Lothar Redlin

Question Posted: