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amm1812
3 years ago
15

The marginal cost of a product can be thought of as the cost of producing one additional unit of output. For​ example, if the ma

rginal cost of producing the fiftieth product is​ $6.30, then it cost​ $6.30 to increase production from 49 to 50 units of output. Suppose that the marginal cost C​ (in dollars) to produce x digital cameras is given by Upper C (x )equals 0.03 x squared minus 3 x plus 240C(x)=0.03x2−3x+240. How many digital cameras should be produced to minimize marginal​ cost? What is the minimum marginal​ cost?
Business
1 answer:
jek_recluse [69]3 years ago
4 0

Answer:

Check the explanation

Explanation:

C(x) = 0.06x^2 - 6x + 218

Its a quadratic function , minima would occur at vertex.

x is no. of digital cameras

x = -b/2a = -(-6/2*0.06) = 50 cameras

Minimum marginal cost : C(50) = 0.06(50)^2 - 6*50 + 218 = $ 68

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Why might the unemployment rate underestimate the underutilization of labor​ resources? The unemployment rate might underestimat
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Finishing Touches has two classes of stock authorized: 7%, $10 par preferred, and $1 par value common. The following transaction
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3 years ago
Assume that the hourly cost to operate a commercial airplane follows the normal distribution with a mean of $5,793 per hour and
AfilCa [17]

Answer:

x1 = 4891.294

Explanation:

given data

mean μ =  $5,793

standard deviation  σ =  $439

solution

we know here that

P(x < x1 ) = 0.02     .................1

so

P(\frac{x-\mu }{\sigma } < \frac{x1-\mu }{\sigma }) = 0.02

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