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ame: ID: A 22. A division of Ditton Industries manufactures a deluxe toaster oven. Management has determined that the daily marginal cost function associated with

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ame: ID: A 22. A division of Ditton Industries manufactures a deluxe toaster oven. Management has determined that the daily marginal cost function associated with producing these toaster ovens is given by C'(x) = 0.0003x 2 - 0.12x + 20 where C' (x) is measured in dollars/unit and x denotes the number of units produced. Management has also determined that the daily fixed cost incurred in the production is $800. Find the total cost incurred by Ditton in producing the first 700 units of these toaster ovens per day. a. $18,900 b. $19,700 c. $18,700 d. $19,900 650 23. If C'(q) is the marginal cost, in thousands of dollars per unit, of producing q guitars, what does ] C'(q)dq 450 represent? a. The net change in marginal cost from 650 to 850. b. The net change in marginal cost from 650 to 450. c. The net change in marginal cost from 450 to 850. d. The net change in marginal cost from 450 to 650

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