A manufacturers total cost is C(q) = 0.1q 3 0.5q 2 + 500q + 200 dollars
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A manufacturer’s total cost is C(q) = 0.1q3 − 0.5q2 + 500q + 200 dollars when q thousand units are produced. Currently, 4,000 units (q = 4) are being produced and the manufacturer is planning to increase the level of production to 4,100. Use marginal analysis to estimate how this change will affect total cost.
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Related Book For
Calculus For Business, Economics And The Social And Life Sciences
ISBN: 9780073532387
11th Brief Edition
Authors: Laurence Hoffmann, Gerald Bradley, David Sobecki, Michael Price
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