Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1) A company manufactures automatic transmissions for cars. The total weekly cost (in dollars) of producing x transmissions is given by C(x) = 50,000+ 600x

image text in transcribed
1) A company manufactures automatic transmissions for cars. The total weekly cost (in dollars) of producing x transmissions is given by C(x) = 50,000+ 600x - 0.75x2 (A) Find the marginal cost function. (B) Find the marginal cost at a production level of 200 transmissions per week. (C) Interpret the results of part B. (D) Find the exact cost of producing the 201st transmission. 2) If the marginal cost of producing x units of a commodity is given by C'(x) = 0.25x2 -4x and the fixed cost is $2,500, find: (A) the cost function C(x) and (B) the cost of producing 20 units

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

College Algebra

Authors: Cynthia Y Young

4th Edition

1119320682, 9781119320685

More Books

Students also viewed these Mathematics questions

Question

2. To store it and

Answered: 1 week ago