Question
The daily production cost (in lakh) of manufacturing an electric device is p(x) = 7400- 60x+15x^2p(x)=7400-60x+15x 2, where xx is the number of electric
The daily production cost (in lakh) of manufacturing an electric device is p(x) = 7400- 60x+15x^2p(x)=7400-60x+15x 2, where xx is the number of electric devices produced per day and the daily transportation cost (in lakh) of xx number of electric devices is given by the slope of the function p(x)p(x) at point xx. Question: If the production cost on a particular day is 7475 (in lakh ), then find the number of electric devices produced on that day.
Step by Step Solution
3.50 Rating (147 Votes )
There are 3 Steps involved in it
Step: 1
The daily production cost in lakh of manufacturing an electric device is px 7400...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 StartedRecommended Textbook for
Principles of economics
Authors: N. Gregory Mankiw
6th Edition
978-0538453059, 9781435462120, 538453052, 1435462122, 978-0538453042
Students also viewed these Economics questions
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
View Answer in SolutionInn App