Marginal Cost The total weekly cost (in dollars) incurred by Lincoln Records in pressing x compact discs is given by the following function. C(x) = 20:10 + 2x 0.0001):2 (n s x 5 some) (a) What is the actual cost incurred in producing the 9815t and the 19815t disc? (Round your answers to the nearest cent.) 931st disc 3; E 19815t disc as S (b) what is the marginal cost when x = 980 and 1980? (Round your answers to the nearest cent.) Need Help? 2. [14 Points] DETAILS TANAPCALC1O 3.4.005. MY NOTES PRACTICE ANOTHER Marginal Average Cost for Producing Desks Custom Ofce makes a line of executive desks. It Is estimated that the total cost for making x units of their Senior Executive model is represented by the following function, where C00 is measured in dollars/year. Find the following functions (in dollars) and interpret your results. C(x) = 105x + 170,000 (a) Find the average cost function E. (b) Find the marginal average cost function 5'. E00 2 (c) What happens to x) when x is very large? lim E = H. m [:J Interpret your results. 0 This value is what the production level approaches if the average cost per unit is very high. O This value is what the average cost per unit approaches if the production level is very low. 0 This value is what the production level approaches if the average cost per unit is very low. 0 This value is what the average cost per unit approaches if the production level is very high. Need Help? 3. [15 Points] TANAPCALC103.4.009.MI. PRACTICEANOTHER Marginal Revenus of a Commuter Air Service Williams Commuter Air Service realizes a monthly revenue represented by the following function, where Rix) is measured in dollars and the price charged per passenger is x dollars. R(x) = 9.600x - 12on (3) Find the marginal revenue R'(x). R'(X) = (b) Compute the following values. R's-19) = [:1 RM) = :1 RIM) = :l (:3 Based on the results of part (b), what price (in dollars) should the airline charge in order to maximize their revenue? '1' [:1 Need Help