2.If C(x) is the cost of producing x units of a commodity, then the average cost per unit is c(x) = C(x)/x. Consider the cost function C(x) given below. C(x) = 24,000 + 290x + 6x3/2 (a) Find the total cost at a production level of 1000 units. (Round your answer to the nearest cent.) $ (b) Find the average cost at a production level of 1000 units. (Round your answer to the nearest cent.) $ per unit (c) Find the marginal cost at a production level of 1000 units. (Round your answer to the nearest cent.) $ per unit (d) Find the production level that will minimize the average cost. (Round your answer to the nearest whole number.) units (e) What is the minimum average cost? (Round your answer to the nearest dollar.) $ per unit
3. If C(x) = 16000 + 600x − 1.8x2 + 0.004x3 is the cost function and p(x) = 4200 − 6x is the demand function, find the production level that will maximize profit. (Hint: If the profit is maximized, then the marginal revenue equals the marginal cost.)
4.A manufacturer has been selling 1000 flat-screen TVs a week at $300 each. A market survey indicates that for each $10 rebate offered to the buyer, the number of TVs sold will increase by 100 per week. (a) Find the demand function (price p as a function of units sold x). p(x) = (b) How large a rebate should the company offer the buyer in order to maximize its revenue? $ (c) If its weekly cost function is C(x) = 76,000 + 110x, how should the manufacturer set the size of the rebate in order to maximize its profit? $
5. Find the most general antiderivative of the function. f(x) = (x + 2)(2x − 1) It is not true that if F and G are antiderivatives of f and g, respectively, then F · G is an antiderivative of f · g. Therefore, in order to find the antiderivative of (x + 2)(2x − 1), we must first expand this product, obtaining x2 + 3x − _____________
6. Find the most general f. f ''(x) = 5x + sin(x) To find f(x) given f ''(x), we must first find the antiderivative of f ''(x) to obtain f '(x), and then find the antiderivative of f '(x) to obtain f(x). Since the derivative of cos(x) is , the antiderivative of sin(x) is
7. Find f. f '(t) = 2 cos(t) + sec2(t), −π/2 < t < π/2, f(π/3) = 4
8. Find f. f '(x) = 5/\sqrt{1-x^2} , f(1/2)=3
9. Find f. f ''(t) = 12/ \sqrt{t} , f(4) = 38, f '(4) = 18
10. Find f. f '''(x) = cos(x), f(0) = 7, f '(0) = 8, f ''(0) = 5
11. A particle is moving with the given data. Find the position of the particle. v(t) = 1.5\sqrt{t}, s(4) = 15
12. A particle is moving with the given data. Find the position of the particle. a(t) = t2 − 5t + 3, s(0) = 0, s(1) = 20
13. A stone was dropped off a cliff and hit the ground with a speed of 144 ft/s. What is the height of the cliff? (Use 32 ft/s2 for the acceleration due to gravity.) We know that s(t) =at2 + v0t + s0. n this situation, we have a =_____ ft/s2, v0 =__________ft/s, and s0 = h, where h is the height of the cliff (in feet) that we wish to find.
14. A company estimates that the marginal cost (in dollars per item) of producing x items is 1.84 − 0.002x. If the cost of producing one item is $572, find the cost of producing 100 items. The marginal cost function is the derivative of the cost function C(x). So we know that C '(x) = 1.84 − 0.002x. Therefore,C(x) = ________ + K.
15. A car braked with a constant deceleration of 40 ft/s2, producing skid marks measuring 80 ft before coming to a stop. How fast was the car traveling when the brakes were first applied?
16. Find f. f ''(x) = 48x2 + 2x + 4, f(1) = 2, f '(1) = −2 17.A particle is moving with the given data. Find the position of the particle. a(t) = t − 10, s(0) = 6, v(0) = 5 18.A particle is moving with the given data. Find the position of the particle. a(t) = cos(t) + sin(t), s(0) = 3, v(0) = 2
2.If C(x) is the cost of producing x units of a commodity, then the average cost...
C(x) is the total cost of producing x units of a particular commodity. Assume C(x) is in dollars. Use marginal cost to estimate the cost of producing the 4 st unit. What is the actual and estimated cost of producing the 4 st unit? 6) C(x) = 2x2 + 3x + 62 6) A) estimated cost = $11.00; B) estimated cost = $11.00; actual cost = $10.80 actual cost - $11.20 C) estimated cost = $10.80; D) estimated cost-$11.20; actual...
15) The cost of producing x units of a commodity per week is C(x) = 0.2x3 - 18x2 + 32x +200 Find all values of x where C"(x) - 0. How are these levels of production related to the graph of the marginal cost? A) X= 3. It corresponds to a maximum on the graph of C'(x). B) x - 30. It corresponds to a point of inflection on the graph of C'(x). C)x= 30. It corresponds to a minimum...
Financial Mathematics Please answer question 4 and question 5 o)23:30 Oe Image Edit View Go Help En Question 4 The total cost of producing x units of a commodity per week is C(x) 200 +4x +0,1x2 (a) Find the marginal cost when the production level is 100 units. (b) Use the marginal cost to approximate the cost of producing the 101 st unit. (c) Find the exact cost of producing the 101 st unit. (d) Assuming that the commodity is...
Suppose that the monthly cost, in dollars, of producing x chairs is C(x)=0.002x +0.07x2 + 18x + 600, and currently 35 chairs are produced monthly a) What is the current monthly cost? b) What would be the additional cost of increasing production to 37 chairs monthly? c) What is the marginal cost when x35? d) Use the marginal cost to estimate the differedce in cost between producing 35 and 37 chairs per month. e) Use the answer from part (d)...
The cost of producing x units of a product is modeled by the following. C = 120 + 45x – 150 In(x), x 21 (a) Find the average cost function T. = (b) Find the minimum average cost analytically. Use a graphing utility to confirm your result. (Round your answer to two decimal places.)
3. (2 points) The marginal cost of producing q units of a certain commodity is C'(q) = 1.592 – 6q+7 dollars per unit. How much does it cost to produce 20 units of commodity, if if the total cost of producing 6 units is $100?
NUMBER 26 26. The cost of producing x units of a commodity is given by. TCU) = 100 + 402 – 2x a. Derive the following functions: FC - VC = AFC= Avc= ATC= b. Find TC(101) - TC(100) c. Find TC(x + 1) - TC(x), and explain in words what this means, 27. Consider the following inverse demand function: P = 200 - 40. Graph out the total revenue function in excel 28 Find the inverse demand function and...
A manufacturer estimates that the marginal cost of producing a units of a certain commodity is C'(q) =9q2 +62 - 37 dollars per unit. If the cost of producing 7 units is $5,000, what is the cost of producing 20 units? The cost of producing 20 units is $
The cost of producing a units of stuffed alligator toys is C(x) = 0.0042? + 92 + 5000. Find the marginal cost at the production level of 1000 units. dollars/unit Submit Question
6) If the average variable cost of producing 10 units is $18 and the average variable cost of producing 11 units is $20, we know that, between 10 and 11 units of output, A) marginal cost is increasing. B) average total cost is increasing. C) average fixed cost is increasing. D) total cost is either increasing or decreasing. E) none of the above Use the figure below to answer the following questions. Price (dollars per inhaler) 10 7 4. 2...