Question: s: F2 W NOV 5 Marginal analysis is the study of the rate of change of economic quantities. The adjective marginal is synonymous with derivative
s: F2 W NOV 5 Marginal analysis is the study of the rate of change of economic quantities. The adjective "marginal" is synonymous with "derivative of." If C(x) is a total cost function, then C'(x) is the marginal cost function. #3 Ditton Industries manufactures the Futura model microwave oven. The total daily cost of producing x microwave ovens is C(x) = 0.0002x^3 - 0.06x^2 + 120x + 5000 in dollars. The graph of C(x) is provided above. The marginal cost can be found with the derivative C'(x) or dC/dx. Which of the following statements is TRUE? Note: A "unit" is a "microwave oven." O The total daily cost of producing 100 units is $114. O The total daily cost of producing 100 units is $114 100 = $11,400. O The marginal cost of producing 100 units is $16600 / 100 = $166/microwave oven. O The marginal cost of producing 100 units is $114/microwave oven. 20 F3 E DOD DOO $ 4 F4 R % 5 F5 T MacBook Air a> A 6 F6 Y 29 & 7 estv A U * 8 F8 9 F9 " -0 W F10
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