Suppose that the monthly cost, in dollars, of producing x chairs is C(x)=0.001 x cubed plus 0....
Suppose that the monthly cost, in dollars, of producing x chairs is
C(x)=0.001 x cubed plus 0.07x squared + 18x + 7000 and currently 90 chairs are produced monthly.
|
a) |
What is the current monthly cost? |
|
b) |
What would be the additional cost of increasing production to
92 chairs monthly? |
|
c) |
What is the marginal cost when x=90? |
|
d) |
Use the marginal cost to estimate the difference in cost between producing 90 and 92 chairs per month |
|
e) |
Use the answer from part (d) to predict C(92) |
Homework Answers
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Suppose that the monthly cost, in dollars, of producing x chairs is C(x)=0.001 x cubed plus 0....
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a) What is the current daily revenue?
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