please help 6) Assume C(x) = -0.0001x +0.05x² + 60x+800 is the cost of producing x...
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...
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...
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...