Question

tagsautosave question2304213 0 11. -POINTS TANAPCALC9 6.4.041. MY NOTES A division of Ditton Industries manufactures a deluxe toaster oven Management has determined that the daily marginal cost function associated with producing these toaster ovens is given by CYx) = 0.00062 -0.12+ 20 where c'ex) is measured in dollars per unit and x denotes the number of units produced. Management has also determined that the daily fed cost incurred in the production is $800. (a) Find the total cost incurred by Ditton in producing the first 300 units of these toaster ovens per day (b) What is the total cost incurred by Ditton in producing the 201st through 300th units/day? Need Help? Read Taste Ter -/1 POINTS TANAPCALC9 6.4.042. MY NOTES is The management of Ditton Industries has determined that the daily marginal revenue function associated with selling x units of their deluxe toaster ovens is given by the following where R measured in dollars/unit R' ) = -0.1.: +40 (a) Find the daily total revenue realized from the sale of 250 units of the toaster oven. (b) Find the additional revenue realized when the production (and sales) level is increased from 250 to 350 units. Need Help? Read It Talk to Tutor

Answer 1

Given thet: Marginal cost is , C'C) = 0.000be2 -0.12% +20 1. fixed daily incurred cost is, (col=800. ® Total cost incurred in producing first 300 units is defined as Tehd evt. f Moudint de sp föruts forek o gerogle op CC-v) - C6) 26.06.-0.targ'r 207." IL- 300 ② C(900) – You = [0.000227 -0.06x2+264] • C Cou) = 0.0002(30)30.06 Goo)2 + 24300) - 0 + 800 = Gooo +800 1. = 6800 Total cost incured in prodhing first 300 units is 16800 dollars Total cost incurred in producing the polimits through Soumits is ſcam de - fo.cco6x?_0.122+2) de - [0.0002220.062272027 = 2 800 dollars Cost incurred in producing the 201st through goo units is 12800 dollars / 300 200 Zoo