Question

Marginal Cost The total weekly cost (in dollars) incurred by Lincoln Records in pressing x compact...

Marginal Cost

The total weekly cost (in dollars) incurred by Lincoln Records in pressing x compact discs is given by the following function.

C(x) = 2000 + 2x − 0.0001x2    (0 ≤ x ≤ 6000)

(a)

What is the actual cost incurred in producing the 1071st and the 1991st disc? (Round your answers to the nearest cent.)

1071st disc$ 1991st disc$

(b)

What is the marginal cost when x = 1070 and 1990? (Round your answers to the nearest cent.)

1070$ 1990$

Math   Calculus   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
The weekly cost (in dollars) of producing x compact discs is given by C(x) = 2000...
The weekly cost (in dollars) of producing x compact discs is given by C(x) = 2000 + 2x − 0.0001x^2 , where x stands for the number of units produced. What is the actual cost incurred in producing the 2001st disc? What is the marginal cost when x = 2000?
The weekly cost (in dollars) of producing x compact discs is given by C(x) = 2000...
The weekly cost (in dollars) of producing x compact discs is given by C(x) = 2000 + 2x − 0.0001x^2, where x stands for the number of units produced. What is the actual cost incurred in producing the 1001st disc? What is the marginal cost when x = 1000?
The weekly demand for DVDs manufactured by a certain media corporation is given by p =...
The weekly demand for DVDs manufactured by a certain media corporation is given by p = −0.0004x2 + 70 where p denotes the unit price in dollars and x denotes the quantity demanded. The weekly total cost function associated with producing these discs is given by C(x) = −0.001x2 + 19x + 4000 where C(x) denotes the total cost (in dollars) incurred in pressing x discs. Find the production level that will yield a maximum profit for the manufacturer. Hint:...
1. Suppose the total weekly cost (in dollars) of producing x fuel tanks is given by...
1. Suppose the total weekly cost (in dollars) of producing x fuel tanks is given by 2 C x x x ( ) 12,000 80 0.04 = + − for x in the interval (0,1500) a) Over what intervals will the total weekly cost be increasing and when will it be decreasing? Increasing: _______________________ Decreasing: _________________________ b) When will the total weekly cost be at its max and what will the maximum cost be? State answer using appropriate units. Solution:...
Acrosonic's production department estimates that the total cost (in dollars) incurred in manufacturing x ElectroStat speaker...
Acrosonic's production department estimates that the total cost (in dollars) incurred in manufacturing x ElectroStat speaker systems in the first year of production will be represented by the following function, where R(x) is the revenue function in dollars and x denotes the quantity demanded. Find the following functions (in dollars) and compute the values (in dollars). C(x) = 110x + 27,000    and    R(x) = −0.04x2 + 800x (a)Find the profit function P. (b)Find the marginal profit function P '. (c)Compute the following...
Suppose that the cost (in dollars) for a company to produce x pairs of a new...
Suppose that the cost (in dollars) for a company to produce x pairs of a new line of jeans is described by the formula below. C(x) = 5000 + 2x + 0.03x2 + 0.0002x3 (a) Find the marginal cost function. C'(x) = (b) Find C'(50). (c) Find the actual cost of manufacturing the 51st pair of jeans. (Round your answer to two decimal places.) $
Maximizing Profits The quantity demanded each month of the Walter Serkin recording of Beethoven's Moonlight Sonata,...
Maximizing Profits The quantity demanded each month of the Walter Serkin recording of Beethoven's Moonlight Sonata, produced by Phonola Media, is related to the price per compact disc. The equation p = −0.00042x + 9 (0 ≤ x ≤ 12,000) where p denotes the unit price in dollars and x is the number of discs demanded, relates the demand to the price. The total monthly cost (in dollars) for pressing and packaging x copies of this classical recording is given...
7. Suppose the cost, in dollars, of producing x items is given by the function C(x)...
7. Suppose the cost, in dollars, of producing x items is given by the function C(x) = 1/6x3+ 2x2+ 30. Current production is at x = 9 units. (a) (3 points) Use marginal analysis to find the marginal cost of producing the 10th unit. (b) (3 points) Find the actual cost of producing the 10th unit.
A pen manufacturer determined that the total cost in dollars of producing x dozen pens in...
A pen manufacturer determined that the total cost in dollars of producing x dozen pens in one day is given by C(x) = 350 + 2x - 0.01x2, 0 ≤ x ≤ 100 a. Find the expression for marginal cost. b. Find the level of output (x) where the marginal cost is minimum. c. Find the marginal cost at a production level of where the marginal cost is minimum
The cost in dollars of producing x units of a commodity is: C(x)= 920 + 2x...
The cost in dollars of producing x units of a commodity is: C(x)= 920 + 2x - .02x2 + .00007x3 a) use the marginal analysis to estimate the cost of the 95th unit b) what is the actual cost of the 95th unit? Please explain in step by step actual cost : c(x) - c(x) = ? is c(95) - c(94) = correct? I am getting a different answer Thank you
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT