Question

A linear cost function is C(x) = 3x + 850. (Assume C is measured in dollars.)...

A linear cost function is C(x) = 3x + 850. (Assume C is measured in dollars.) (d) What is the cost of producing one more item if 50 are currently being produced? $ Incorrect: Your answer is incorrect. What is the cost of producing one more item if 100 are currently being produced?

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Answer #1

(d). The given linear cost function is C(x)=3x + 850. If 50 items are being produced currently, the cost thereof is $ (3*50+850) = $1000. Further, the cost of producing 51 items is $ (3*51+850) = $ 1003. Therefore, the cost of producing one more item if 50 are currently being produced is $ 1003-$1000 = $ 3.

If 100 items are being produced currently, the cost thereof is $ (3*100+850) = $1150. Further, the cost of producing 101 items is $ (3*101+850) = $ 1153. Therefore, the cost of producing one more item if 100 are currently being produced is $ 1153-$1150 = $ 3.

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