Question

The cost function C(x) = 15,000 + 90x + 1,000/x gives the cost in dollars to produce x units of a commodity. a. Find the marginal cost when the production level is x = 100 units. When they produce 100 units, the marginal costs is In other words, the approximate cost to produce the 101st unit is dollars. b. Find the average cost per unit when they produce 100 units. When they produce 100 units, the average cost per unit is dollars. c. Fill in the blanks: Since the marginal cost is the average cost per unit, increasing production from 100 units will cause the average cost per unit to .

          The cost function
C(x) = 15,000 + 90x + 1,000/x
gives the cost in dollars to produce x units of a commodity.
a. Find the marginal cost when the production level is x = 100 units.
When they produce 100 units, the marginal costs is ____
In other words, the approximate cost to produce the 101st unit is ____ dollars.
b. Find the average cost per unit when they produce 100 units.
When they produce 100 units, the average cost per unit is ____ dollars.
c. Fill in the blanks: Since the marginal cost is ____ the average cost per unit, increasing production from 100 units will cause the average cost per unit to ____.

The cost function
C(x) = 15,000 + 90x + 1,000/x
gives the cost in dollars to produce x units of a commodity.
a. Find the marginal cost when the production level is x = 100 units.
When they produce 100 units, the marginal costs is
In other words, the approximate cost to produce the 101st unit is dollars.
b. Find the average cost per unit when they produce 100 units.
When they produce 100 units, the average cost per unit is dollars.
c. Fill in the blanks: Since the marginal cost is the average cost per unit, increasing production from 100 units will cause the average cost per unit to .

Added by Amanda O.

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