Question: The cost function for production of a commodity is C ( x ) = 335 + 29 x 0.09 x 2 + 0.0007 x 3

The cost function for production of a commodity is

C(x) = 335 + 29x 0.09x2 + 0.0007x3.

(a) Find C'(100).

(b) Find the actual cost of producing the 101st item. (Round your answer to the nearest cent.)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock 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 Mathematics Questions!