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A watch company is producing new watches for an upcoming season. The total cost incurred by the company for producing x watches is given by
A watch company is producing new watches for an upcoming season. The total cost incurred by the company for producing x watches is given by C(x) = x x x 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(x) at x = 100 or the marginal cost function C(x). (c) [3 marks] Answer the following questions: Explain what C(100) represents for this company. Explain what C(101) C(100) represents for this company. Explain why C(100) C(101) C(100)
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