Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1.Find the values of x where f(x)=2x 2 - x and g(x)=x 2 -4 have the same slope. 2.(20%) Assume the production cost (dollars/unit) for

1.Find the values of x where f(x)=2x2 - x and g(x)=x2-4 have the same slope.

2.(20%) Assume the production cost (dollars/unit) for a manufacturing unit of a certain product is given by f (x) = 2(1+x) e-x + 5 +250 where x is the number of units.

(a)Show that the marginal cost of the production will be increased to a certain value of x, and then decreasing from there on. You can consider x a continuous variable. For instance, it is alright to have x=0.1, partial unit of the product. In a practical application, you can always rounded your final calculated result in a whole unit (e.g., x=0.85 as x=1 unit). You can read the textbook (Sect. 2.1. Interpretation of the Derivative) for the definition of the marginal cost.

(b)Explain (no actual calculation is required) how you will determine at what level of production that will have the minimum marginal cost.

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

Prealgebra

Authors: Elayn Martin Gay

7th edition

321955048, 978-0321955043

More Books

Students also viewed these Mathematics questions