Question

Consider the following cost function. a. Find the average cost and marginal cost functions. b. Determine the average and marginal cost when x = a. c. Interpret the values obtained in part (b). C(x) = 0.04x^3 + 0.3x^2 + 50x + 140, 0 ? x ? 1500, a = 1000 a. The average cost function is C?(x) = [ ]. The marginal cost is function is C'(x) = [ ]. b. The average cost when x = a is $[ ]. (Round to two decimal places as needed.) The marginal cost when x = a is $[ ]. (Round to two decimal places as needed.) c. Choose the correct interpretation of the average cost when x = a. A. The average cost per item is about $40,350.14 when 1000 items are produced. B. The cost of producing the 1001st item is about $120,650.00. C. The cost of producing the 1001st item is about $1,879.68. D. The cost of producing 1000 items is about $39,050.14. Choose the correct interpretation of the marginal cost when x = a. A. The cost of producing the 1001st item is about $120,650.00.

          Consider the following cost function.
a. Find the average cost and marginal cost functions.
b. Determine the average and marginal cost when x = a.
c. Interpret the values obtained in part (b).
C(x) = 0.04x^3 + 0.3x^2 + 50x + 140, 0 ? x ? 1500, a = 1000
a. The average cost function is C?(x) = [ ].
The marginal cost is function is C'(x) = [ ].
b. The average cost when x = a is $[ ]. (Round to two decimal places as needed.)
The marginal cost when x = a is $[ ]. (Round to two decimal places as needed.)
c. Choose the correct interpretation of the average cost when x = a.
A. The average cost per item is about $40,350.14 when 1000 items are produced.
B. The cost of producing the 1001st item is about $120,650.00.
C. The cost of producing the 1001st item is about $1,879.68.
D. The cost of producing 1000 items is about $39,050.14.
Choose the correct interpretation of the marginal cost when x = a.
A. The cost of producing the 1001st item is about $120,650.00.

Consider the following cost function.
a. Find the average cost and marginal cost functions.
b. Determine the average and marginal cost when x = a.
c. Interpret the values obtained in part (b).
C(x) = 0.04x^3 + 0.3x^2 + 50x + 140, 0 ? x ? 1500, a = 1000
a. The average cost function is C?(x) = [ ].
The marginal cost is function is C'(x) = [ ].
b. The average cost when x = a is [ ]. (Round to two decimal places as needed.)
The marginal cost when x = a is[ ]. (Round to two decimal places as needed.)
c. Choose the correct interpretation of the average cost when x = a.
A. The average cost per item is about 40,350.14 when 1000 items are produced.
B. The cost of producing the 1001st item is about120,650.00.
C. The cost of producing the 1001st item is about 1,879.68.
D. The cost of producing 1000 items is about39,050.14.
Choose the correct interpretation of the marginal cost when x = a.
A. The cost of producing the 1001st item is about 120,650.00.

Added by Ramon M.

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