Submit Answer 0 11 Points DETAILS SCALCET9 2 7 051 The cost of producing x ounces of gold from a new gold mine is C f x dollars a What is the meaning of the derivative f x What are its units O f x is the average production cost with respect to the number of ounces of gold produced Its units are dollars per ounce O f x is the total amount of gold produced Its units are ounces Of x is the total production cost Its units are dollars O f x is the rate of change of the production cost with respect to the number of ounces of gold produced Its units are dollars per ounce b What does the statement f 700 11 mean O The total cost to produce 11 ounces of gold is approximately 700 O After 11 ounces of gold have been produced the average production cost is 700 ounce So the cost of producing 11 ounces is about 700 ounce O After 700 ounces of gold have been produced the average production cost is 11 ounce So the cost of producing 700 ounces is about 11 ounce O After 700 ounces of gold have been produced the rate at which the production cost is increasing is 11 ounce So the cost of producing the 700th or 701st ounce is abou c Do you think the values of f x will increase or decrease in the short term What about the long term Explain In the short term the values of f x will Select because more efficient use is made of start up costs as x increases But eventually f x might Select due to large