Suppose a company produces fly rods. Assume C(x) = -0.0001x 3 + 0.05x 2 + 60x +

Question:

Suppose a company produces fly rods. Assume C(x) = -0.0001x³ + 0.05x² + 60x + 800 represents the cost of making x fly rods.

a. Determine the average and marginal costs for x = 400 fly rods.

b. Interpret the meaning of your results in part (a).

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

Step by Step Answer:

Related Book For answer-question

Calculus Early Transcendentals

ISBN: 978-0321947345

2nd edition

Authors: William L. Briggs, Lyle Cochran, Bernard Gillett

See More Books

Question Posted: Feb 13, 2019 10:35 AM

See More Questions

Suppose that the cost of making 20 cell phones is $6800 and the cost of making 50 cell phones is $9500. (a) Find the cost equation. (b) What is the fixed cost? (c) What is the marginal cost of...
Suppose that the total cost y of making x coats is given by the formula y = 40x + 2400. (a) What is the cost of making 100 coats? (b) How many coats can be made for $3600? (c) Find and interpret the...
A manufacturer determines that the cost of making units of a commodity is C(x) = 1800 + 25x 0.2x2 + 0.001x3 and the demand function is p(x) = 48.2 0.03x. (a) Graph the cost and revenue functions...
As the marketing manager for a local shopping center, you are asked to prepare a report outlining the external influences that should be considered in the situation analysis. Describe each category...
Use the data for the share of total shipment of music that falls in the category of rock music from 1991-2008. a. Make a forecast for the share of rock music in 2009 using the exponential smoothing...
Refer to Apple Corporation (www.apple.com) and find the most recent annual report.A. Prepare a vertical analysis.B. Prepare a horizontal analysis.C. Comment on any trends you see in comparison to...
Specifications require the oil filter for your car to be tightened with a torque of 30 N m. You are using a 15-cm-long oil filter wrench, and you apply a force at the very end of the wrench in the...
Following are evidence decisions for the three audits described in Figure. Audit Assurance from Substantive Tests and Tests of Controls at Different Levels of Internal Control Effectiveness Audit A...
Problem 2b. For the given rigid-jointed framework (verso): a. determine the maximum nodal displacement and its location; b. plot the axial force, shear and bending moment diagrams. R 215 Problem 2b...
Would you characterize the Rivalry Among Existing Firms in the industry Digg competes in as high, moderate, or low? To what degree was Digg able to effectively diminish or suppress the negative...
Normal lines A normal line at a point P on a curve passes through P and is perpendicular to the line tangent to the curve at P (see figure). Use the following equations and graphs to determine an...
Use logarithmic differentiation to evaluate f'(x). (x + 1)/2 (x 4)5/2 (5x + 3)2/3 f(x)
Fourteen percent of U.S. college graduates want to work for a large company. You randomly select 1500 U.S. college graduates and ask them whether they want to work for a large company. Find the...
How is a cash budget used in financial planning?
What provisions are available to protect a preferred stockholder?
Assuming the market is efficient, what is the relationship between a stocks price and the security market line?
What three actions can a firm take to minimize its net working capital?
Is trade credit a permanent, temporary, or spontaneous source of financing? Explain.
University of Florida researchers in the Department of Materials Science and Engineering have invented a technique that rapidly detects traces of TNT (Today, Spring 2005). The method, which involves...
1. Advertising for eyeglasses _________ (increases/decreases) the price of eyeglasses because advertising promotes _________. 2. An advertisement that succeeds in getting consumers to try the product...
Evaluate the surface integral S F dS for the given vector field F and the oriented surface S. In other words, find the flux of F across S. For closed surfaces, use the positive (outward)...
Evaluate the surface integral S F dS for the given vector field F and the oriented surface S. In other words, find the flux of F across S. For closed surfaces, use the positive (outward)...
Evaluate the surface integral S F dS for the given vector field F and the oriented surface S. In other words, find the flux of F across S. For closed surfaces, use the positive (outward)...
1. Promotion - What is your main promotional objectives? What is your message? Which media vehicles for communicating that message will you use? How will you evaluate the results of your promotional...
What are the advantages and disadvantages of cultural diversity for the MNC and its level of importance?
Walsh corporation has 3 shareholders: X,Y, and Z.X and Y are siblings; Z is unrelated to X and Y. Each shareholder has 200 shares with a basis of $50 per share and have held the stock for 5 years....

Suppose a company produces fly rods. Assume C(x) = -0.0001x 3 + 0.05x 2 + 60x +

Question:

Step by Step Answer:

a The marginal cost is given by Cx 00003x 2 01x 6...View the full answer

Calculus Early Transcendentals

Students also viewed these Mathematics questions