00:01
Hi, here we are given that the total cost of producing x units of a certain commodity is 3 ,000 plus 260x plus 6 times x to the power 3 over 2.
00:16
Let me just to the power 3 over 2.
00:21
X is raised to the power 3 over 2.
00:23
We are given a formula for the average cost.
00:28
It's total cost over x and we're going to first the total cost of producing 1 ,000 units.
00:36
So for a we have that the total cost of producing 1 ,000 units is equal to 3 ,000 plus 260 times 1000 plus 6 times 1 ,000 raise to the power 3 over 2.
00:56
And if we use our calculator, we are going to find that this is 452 ,736 .655 .655 .6 .65.
01:09
So rounding up to the nearest integer, we are going to give this number as the cost of producing 1 ,000 units.
01:22
So this is our answer, the cost of producing 1 ,000 units.
01:27
Okay, now for the...
01:31
Let's do see here, what is the marginal cost of producing c units.
01:37
First of all, we have to find the marginal formula for the marginal cost...