Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Suppose the dollar cost of producing x video cameras is C(x) = 500x 0.0063:2 + 10'3x3. Estimate the marginal cost at the production level x

image text in transcribed
image text in transcribed
Suppose the dollar cost of producing x video cameras is C(x) = 500x 0.0063:2 + 10'3x3. Estimate the marginal cost at the production level x = 5500. (Use decimal notation. Give your answer to three decimal places.) The estimated marginal cost is $ 434908 Find the actual cost C(5501) C(SSOO). (Use decimal notation. Give your answer to three decimal places.) The actual cost is $ 434902 Find the average cost per camera at production level x = 5500. (Use decimal notation. Give your answer to three decimal places.) 12.646 The average cost per camera is $

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Beginning & Intermediate Algebra (Subscription)

Authors: Elayn Martin Gay

6th Edition

0134305124, 9780134305127

More Books

Students also viewed these Mathematics questions

Question

A 300N F 30% d 2 m Answered: 1 week ago

Answered: 1 week ago

Question

13. Give four examples of psychological Maginot lines.

Answered: 1 week ago