Suppose that the cost (in dollars) for a company to produce pairs of a new line
Question:
Suppose that the cost (in dollars) for a company to produce ϰ pairs of a new line of jeans is
C(ϰ) = 2000 + 3ϰ + 0.01ϰ2 + 0.0002ϰ3
(a) Find the marginal cost function.
(b) Find C'(100) and explain its meaning. What does it predict?
(c) Compare C'(100) with the cost of manufacturing the 101st pair of jeans.
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Related Book For
Calculus Early Transcendentals
ISBN: 9781337613927
9th Edition
Authors: James Stewart, Daniel K. Clegg, Saleem Watson, Lothar Redlin
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