Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The daily cost to manufacture generic trinkets for gullible tourists is given by the cost function C(x) = -0.001x2+ 0.5x + 570 dollars, where x
The daily cost to manufacture generic trinkets for gullible tourists is given by the cost function C(x) = -0.001x2+ 0.5x + 570 dollars, where x is the number of trinkets. (a) Find C'(x). C' (x ) = -0.002x + 0.5 That's it! As x increases, the marginal cost does which of the following? increases decreases O increases then decreases decreases then increases Amazing work. (b) Find C(x). C(x) = -0.001x + 0.5 + 570 X X As x increases, the average cost does which of the following? O increases O decreases O increases then decreases O decreases then increases
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started