Problem

Marginal cost Suppose that the dollar cost of producing x washing machines is c(x) = 200...

Marginal cost Suppose that the dollar cost of producing x washing machines is c(x) = 2000 + 100x - 0.1x2.

a. Find the average cost per machine of producing the first 100 washing machines.

b. Find the marginal cost when 100 washing machines are produced.

c. Show that the marginal cost when 100 washing machines are produced is approximately the cost of producing one more washing machine after the first 100 have been made, by calculating the latter cost directly.

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Solutions For Problems in Chapter 2.4