6. Suppose that the cost (in dollars) for a company to produce \(x\) pairs of a new line of jeans is \(C(x) = 5000 + 3x + 0.01x^2 + 0.0002x^3\) (a) Find the average rate of change of cost from \(x = 100\) to \(x = 200\). (b) Find the marginal cost function. (c) Find the marginal cost for \(x = 100\). (What does this mean?) (d) Find the linear approximation for the cost function at \(x = 100\). Hint: use the equation of the tangent line at \(x = 100\). (e) Use the linear cost function from part (d) to find the cost of manufacturing 101 pair of jeans.
Added by Vanesa A.
Close
Step 1
01x + 0.0002x. Show more…
Show all steps
Your feedback will help us improve your experience
Suman Saurav Thakur and 63 other Algebra educators are ready to help you.
Ask a new question
Labs
Want to see this concept in action?
Explore this concept interactively to see how it behaves as you change inputs.
Key Concepts
Recommended Videos
Suppose that the cost (in dollars) for a company to produce $ x $ pairs of a new line of jeans is $ C(x) = 2000 + 3x + 0.01x^2 + 0.0002x^3 $ (a) Find the marginal cost function. (b) Find $ C'(100) $ and explain its meaning. What does it predict? (c) Compare $ C'(100) $ with the cost of manufacturing the 101st pair of jeans.
Suman Saurav T.
Differentiation Rules
Rates of Change in the Natural and Social Sciences
Suppose that the cost (in dollars) for a company to produce x pairs of a new line of jeans is described by the formula below. C(x) = 4000 + 5x + 0.01x^2 + 0.0002x^3 (a) Find the marginal cost function. C'(x) = (b) Find C'(60). (c) Find the actual cost of manufacturing the 61st pair of jeans. (Round your answer to two decimal places.)
Taran S.
Recommended Textbooks
Elementary and Intermediate Algebra
Algebra and Trigonometry
Transcript
Watch the video solution with this free unlock.
EMAIL
PASSWORD