Question: please do manual calculation on papers Question 4 A small machine shop manufactures drill bits used in the petroleum industry. The manager estimates that the

please do manual calculation on papers Question 4 A small machine

please do manual calculation on papers

Question 4 A small machine shop manufactures drill bits used in the petroleum industry. The manager estimates that the total daily cost (in dollars) of producing x bits is C(x) = 100,000 + 250x + 0.11:2 a) Find average cost 5 (x) b) Find the marginal cost C'(x) Question 5 A manufacturer estimates that the marginal cost of producing q units of a certain commodity is C'(q) = 3q2 24q + 48 dollars per unit. a. Find the cost function b. If the cost of producing 10 units is $5,000, nd the xed cost c. what is the cost of producing 30 units

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