FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The cost function for production of a commodity is C ( x ) = 335 + 29 x 0.09 x 2 + 0.0007 x 3

The cost function for production of a commodity is

C(x) = 335 + 29x 0.09x2 + 0.0007x3.

(a) Find C'(100).

(b) Find the actual cost of producing the 101st item. (Round your answer to the nearest cent.)

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

Introduction To Probability Models

Introduction To Probability Models

Authors: Sheldon M Ross

10th Edition

0123756863, 9780123756862

More Books

Students also viewed these Mathematics questions

Question

★★★★★
1. A student remarks that Nietzsche's ideas in his text, On Truth and Lies in a Non-Moral Sense, are useless for everyday life as life consists of only experiences within the social structure. Argue...

Answered: 1 week ago

Question

★★★★★
Consider the Markov chain in Figure 11.12. Let's define b i as the absorption probability in state 3 if we start from state i. Use the above procedure to obtain b i for i = 0, 1, 2, 3. 13 1 co/N 3 2...

Answered: 1 week ago

Question

★★★★★
In a school class with 20 male students, 7 of them are white. The sports teacher wants to select five students for the basketball team (regular team) and seven more students as substitutes in that...

Answered: 1 week ago

Question

★★★★★
The transactions completed by AM Express Company during March 2016, the first month of the fiscal year, were as follows: Mar. 1. Issued Check No. 205 for March rent, $2,450. 2. Purchased a vehicle on...

Answered: 1 week ago

Question

★★★★★
You intend to make the annual maximum contribution of $ 6 , 0 0 0 to your Roth IRA ( individual retirement account ) at the end of each year for the next 3 0 years. If you can earn 1 0 percent on...

Answered: 1 week ago

Question

★★★★★
Compute ROA, Profit Margin, and Asset Turnover Refer to the financial information for Target Corporation, presented below: Target Corporation Balance Sheets January 31, February 1, ($ millions) 2015...

Answered: 1 week ago

Question

★★★★★
Last chance to redeem my terrible drawings! h d3 m dz The simplified image above depicts how water towers provide pressure to homes in the surrounding area. A tower maintains a reservoir of water at...

Answered: 1 week ago

Question

★★★★★
Question 1: (Suggested 250 words per section) 1.1 What items might Susan present to the GM regarding the value of a green program in addition to the potential for business such as CERES? 1.2 What...

Answered: 1 week ago

Question

★★★★★
In your personal circumstances at this point in time, which would you prefer - a defined benefits plan or a defined contributions plan? Explain

Answered: 1 week ago

Question

★★★★★
Strategic decision-making will determine the direction of any organisation. Some oorganisations make better strategic decisions than others. Various processes exist to make a strategic decision;...

Answered: 1 week ago

Question

★★★★★
Iqbal Corporation produces and sells a single product, has provided its contribution format income statement for March. Sales (17,000 units) Rs. 2,210,000 Variable Expenses 1,530,000 Contribution...

Answered: 1 week ago

Question

★★★★★
Mortality rate

Answered: 1 week ago

Question

★★★★★
Armed conflicts.

Answered: 1 week ago

Question

★★★★★
Take responsibility for the other persons or others experience of the situation.

Answered: 1 week ago

Previous Question Next Question