The total cost (in dollars) of producing a product is given by C ( x ) =
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Question:
The total cost (in dollars) of producing a product is given by
C(x) = 300x + 0.1x2 + 1500
where x represents the number of units produced.
(a) Give the total cost of producing 10 units.
$
(b) Give the value of C(100).
C(100) =
(c) Give the meaning of C(100).
For every $100 increase in cost this many more units can be produced.This is the total cost (in dollars) of producing 100 units. For every additional 100 units created the cost (in dollars) decreases by this much.It costs $100 to produce this many units.
Related Book For
College Mathematics for Business Economics Life Sciences and Social Sciences
ISBN: 978-0321614001
12th edition
Authors: Raymond A. Barnett, Michael R. Ziegler, Karl E. Byleen
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