Answer:
a) The marginal cost function is given by
C'(x) = 4 + 0.04x + 0.0003x² (in dollars)
b) C'(70) = $8.27
Step-by-step explanation:
C(x) = 1000 + 4x + 0.02x² + 0.0001x³
a) Marginal cost is usually defined as the cost of producing one extra unit of product. It expresses how much the total cost is changing with respect to number of units of product.
Mathematically,
MC = (dC/dx) = C'(x)
For this question,
C'(x) = 4 + 0.04x + 0.0003x²
b) C'(70) means the marginal cost at x = 70 units, that is, how much the total cost is changing after the production of 70 units; the cost of producing one extra unit of product after producing 70 units.
C'(x) = 4 + 0.04x + 0.0003x²
C'(70) = 4 + 0.04(70) + 0.0003(70²)
C'(70) = $8.27
Hope this helps!
Answer:
(c) y -2 = 6/5(x -1)
Step-by-step explanation:
The equations are all in point-slope form with a slope of 6/5. The points used are (-1, -2), (-2, -1), and (1, 2). It seems point (1, 2) best matches a point on the graphed line. Choice C is the best. (In the attached graph, choice C is the red line.)
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<em>Additional comment</em>
The point-slope form of the equation for a line is ...
y -k = m(x -h) . . . . . . . line with slope m through point (h, k)
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The equation might be easier to see if the point chosen were one at a grid intersection, such as (-4, -4) or (6, 8).
The answer is 12/100. This is because the 12 is a 100 decimal place.
The initial step that must be taken before solving almost any problem is to understand what the problem is asking for us to do and what is provided to us to complete that goal. Looking at the problem statement, we can see that we are being requested to solve for h and we are provided an expression to do so. Let's begin solving the expression by combining like terms.
<u>Combine like terms</u>
Just a quick explanation on what combine like terms means, it basically just means to combine the coefficients of the numbers associated with the same variables. Like in this example we can combine h and -3h because they have have the variable h associated with them.
<u>Add 8 to both sides</u>
<u>Divide both sides by -2</u>
<u>Simplify the expression</u>
Therefore, after completing the steps above we were able to determine that the value of h is equal to -11.