Question: Suppose the total cost in dollars of manufacturing q units is C(q) = 3q 2 + q + 500. a. Use marginal analysis to estimate

Suppose the total cost in dollars of manufacturing q units is C(q) = 3q² + q + 500.

a. Use marginal analysis to estimate the cost of manufacturing the 41st unit.

b. Compute the actual cost of manufacturing the 41st unit.

Step by Step Solution

★★★★★

3.33 Rating (162 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Cq 3q 2 ... View full answer

blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Calculus With Applications Questions!

Q:

Suppose that the total cost in dollars of producing x units of a product is given by C(x) = 10,000 + 20xex/600 Find the marginal cost when 600 units are produced.

Q:

Suppose the cost in dollars of manufacturing q items is given by C = 2000q + 3500, and the demand equation is given by In terms of the demand q, (a) find an expression for the revenue R; (b) find an...

Q:

The total cost in dollars to produce q units of a product is C(q). Fixed costs are $20,000. The marginal cost is C'(q) = 0.005q 2 q + 56. (a) On a graph of C'(q), illustrate graphically the total...

Q:

A ball of mass 0.440 kg moving east( + x direction) with a speed of 3.30m/s collides head-on with a 0.220-kg ball at rest. If the collision is perfectly elastic, what will be the speed and direction...

Q:

Some businesses extend purchasing department employees the authority to perform a broader range of activities than do other businesses. What activities do all purchasing departments perform? What...

Q:

Write a balanced net ionic equation for each of the following solution reactions. Refer to Table 14.5 and Appendix D for electrolyte information. (a) AgNO 3 (aq) + KI(aq) AgI(s) + KNO 3 (aq) (b)...

Q:

For the tandem queue model verify that Pn,m = (/1) n(1 /1)(/2) m(1 /2) satisfies the balance Equation (8.15).

Q:

Upscale hotels in the United States recently cut their prices by 20 percent in an effort to bolster dwindling occupancy rates among business travelers. A survey performed by a major research...

Q:

Carter, a limited liability company has non-current assets with a carrying amount of 2500000 on 1 December 20X7. During the year ended 20 November 20X8, the following occurred: depreciation of 75000...

Q:

List two advantages of using the price/sales ratio as a valuation technique. How is this ratio calculated without using pershare numbers?

Q:

Write a brief summary or outline of the three (3) most important mathematical concepts worked on during the week and post it on this forum. Remember to include the topic of the line graph and how it...

Q:

# 3 [36.33] A cracked beam is similar in geometry to that of Problem #1 except that the vertical location of the crack is arbitrary at position y from the centerline. The applied load is uniformly...

Q:

High Mountain Orthodontics and Cosmetic Dentistry is filling a new position for a Risk Manager and human resources has asked for your help to write a job description. Use the Risk Manager description...

Q:

2. (5 points) West Virginia has one of the highest divorce rates in the nation with an annual rate of approximately 5 divorces per 1000 couples. The Marital Counseling Center, Inc. (MCC) thinks that...

Q:

SuperCandy produces and sells boxed chocolates. The unit selling price is $50, unit variable costs are $40 and total fixed costs are $800 What are breakeven sales in dollars? OA $800 OB $1,000 C....

Q:

The graph is complete. Use the figure to answer the following exercises. Identify the graph or graphs with the given characteristic. a b C p d f Graph 1 Graph 2 a b n m g Graph 3 Graph 4

Q:

The first law of thermodynamics is sometimes whimsically stated as, You cant get something for nothing, and the second law as, You cant even break even. Explain how these statements could be...

Q:

Find the x-value of all points where the functions defined as follows have any relative extrema. Find the value(s) of any relative extrema. g(x) = -x 3 + 6x 2 - 12x - 3

Q:

For each function in Exercises, find (a) The critical numbers; (b) The open intervals where the function is increasing; and (c) The open intervals where it is decreasing. (x) = 4x 3 - 15x 2 - 72x + 5

Q:

Find the x-value of all points where the functions defined as follows have any relative extrema. Find the value(s) of any relative extrema. f(x) = 3 x3 + 3x 4

Q:

Please answer Vaughn Manufacturing reported these income statement data for a 2 -year period. Vaughn Manufacturing uses a periodic inventory system. The inventories at January 1, 2021, and December...

Q:

please can you give a solution of my homework Relevant Information for Decision Making with a Focus on Operational Decisions Departments General Drugs Groceries Total Merchandise $ 800 $ 1,000 $ 100...

Q:

Calla Company produces skateboards that sell for $57 per unit. The company currently has the capacity to produce 95,000 skateboards per year, but is selling 80,000 skateboards per year. Annual costs...

Related Book

Calculus For Business, Economics And The Social And Life Sciences 11th Brief Edition by Laurence Hoffmann, Gerald Bradley, David Sobecki, Michael Price