The cost (in dollars) of producing units of a certain commodity is C(x) = 5000 + 10x
Question:
(a) Find the average rate of change of C with respect to when the production level is changed
(i) From x = 100 to x = 105
(ii) From x = 100 to x = 101
(b) Find the instantaneous rate of change of C with respect to when x = 100. (This is called the marginal cost. Its significance will be explained in Section 3.3.)
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a i b ii C105 C100 105 100 C100 h C100 h 6601256500 ...View the full answer
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