Answer: a) C(150) = 5000 + 40(150) + 0.05(150)^2 b) C'(x) = 40 + 0.1x c) The total cost at a production level of 150 bicycles is $11,500. The marginal cost at a production level of 150 bicycles is $55.
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05x^2, where x represents the number of bicycles produced. Show more…
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The total cost in dollars to produce x bicycles is given by C(x) = 5000 + 40x + 0.05x^2. Find the following: a) Total cost at a production level of 150 bicycles b) Marginal cost at a production level of 150 bicycles Write a statement interpreting the results for each.
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