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The total cost in dollars to produce q units of a product is C(q). Fixed costs are $14,000. The marginal cost is C' (q) = 0.008q² − q +61.

The total cost in dollars to produce q units of a product is C(q). Fixed costs are $14,000. The marginal cost is C' (q) = 0.008q² − q +61.

College Algebra
College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter3: Functions
Section3.2: Domain And Range
Problem 61SE: The cost in dollars of making x items is given by the function Cx)=10x+500. a. The fixed cost is...
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The total cost in dollars to produce a units of a product is C (q). Fixed costs are $14,000. The marginal cost is C' (q) = 0.008q²q+61. Round your answers to two decimal places. (a) Find C (150), the total cost to produce 150 units. The total cost to produce 150 units is $ i (b) Find the value of C' (150). C' (150) = $i (c) Use parts (a) and (b) to estimate C (151). C (151) = $i
Transcribed Image Text:The total cost in dollars to produce a units of a product is C (q). Fixed costs are $14,000. The marginal cost is C' (q) = 0.008q²q+61. Round your answers to two decimal places. (a) Find C (150), the total cost to produce 150 units. The total cost to produce 150 units is $ i (b) Find the value of C' (150). C' (150) = $i (c) Use parts (a) and (b) to estimate C (151). C (151) = $i
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