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[2+5+3=10 marks] A watch company is producing new watches for an upcoming season. The total cost incurred by the company for producing :1: watches is
[2+5+3=10 marks] A watch company is producing new watches for an upcoming season. The total cost incurred by the company for producing :1: watches is given by C(zr) = :17 - r + 5, 000 dollars. (a) [2 marks] Calculate the company's cost from producing 100 watches. (b) [5 marks] Estimate the value of C (101). To estimate the value, you may use the linearization of C(33) at :17 = 100 or the marginal cost function C'(:17). (c) [5' marks] Answer the following questions: 1 Explain what C\"( 100) represents for this company. 0 Explain what 0 ( 101) C ( 100) represents for this company. a Explain why C'(100) % C(101) C(100)
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