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Fundamentals of Modern Manufacturing, Groover, Sixth Edition ... Chapter 1, Problem 5P ... Why isn't the cost of the mold included in the initial cost of the equipment?

          Fundamentals of Modern Manufacturing, Groover, Sixth Edition ... Chapter 1, Problem 5P ... Why isn't the cost of the mold included in the initial cost of the equipment?
        

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University Physics with Modern Physics
University Physics with Modern Physics
Hugh D. Young 14th Edition
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Fundamentals of Modern Manufacturing, Groover, Sixth Edition ... Chapter 1, Problem 5P ... Why isn't the cost of the mold included in the initial cost of the equipment?
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The average cost of producing q units of a commodity is c(q) = 21.2 - 0.003q. Find the marginal cost at a production level of 1000 units. In practical terms, what is the meaning of your answer? It is the cost of producing the 1st unit. It is the cost of producing the 1000th unit. It is the cost of producing the first 1000 units. It is the cost of producing the 1001st unit.

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Transcript

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00:01 In this problem we are given that c dash of q is equal to 21 .2 minus 0 .003 times q.
00:13 Then we need to find out cos.
00:15 So, in order to find out cos, we can say that cos of c times q will be equal to c dash of q times q.
00:26 So, let us substitute the equation that is 21 .2 minus 0 .003 times q times q which will be equivalent to 21 .2 times q minus 0 .003 times q square.
00:45 Then we can say that marginal cos would be found out by differentiating the function that will be c dash of q.
00:56 So, let us differentiate the function that is differential of the function 21 .2 times q minus 0 .003 times q square with respect to q...
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