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) = 0.02x^3 + 0.2x^2 + 30x + 130, 0 <= x <= 1500, a = 800 a. The average cost function is Cbar(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 cost of producing the 801st item is about $38,750.00. B. The average cost per item is about $12,990.16 when 800 items are produced. C. The cost of producing 800 items is about $11,690.16. D. The cost of producing the 801st item is about $1,630.78.

          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) = 0.02x^3 + 0.2x^2 + 30x + 130, 0 <= x <= 1500, a = 800
a. The average cost function is Cbar(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 cost of producing the 801st item is about $38,750.00.
B. The average cost per item is about $12,990.16 when 800 items are produced.
C. The cost of producing 800 items is about $11,690.16.
D. The cost of producing the 801st item is about $1,630.78.

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) = 0.02x^3 + 0.2x^2 + 30x + 130, 0 <= x <= 1500, a = 800
a. The average cost function is Cbar(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 cost of producing the 801st item is about 38,750.00.
B. The average cost per item is about12,990.16 when 800 items are produced.
C. The cost of producing 800 items is about 11,690.16.
D. The cost of producing the 801st item is about1,630.78.

Added by Scott R.

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