2. In a lab, the production cost, in dollars, per day of producing xbottles of given by: C(x)=4329 +9x-0.09x²+0.0008x³. i. ii. Determine the marginal cost when: x = 250 x = 500 Interpret your results. I

Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter12: Algebra Of Matrices
Section12.CR: Review Problem Set
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2. In a lab, the production cost, in dollars, per day of producing xbottles of medication is
given by:
C(x)=4329 +9x- 0.09x2+ 0.0008x³.
i.
ii.
3. The production cost, in dollars, per week of producing x bottles is given by:
C(x) = 9200 26x+ 0.06x² + 0.00009x³
while the demand function for the bottles is given by:p(x) = 840 – 0.05x
Determine the marginal cost when:
x = 250
x = 500
Interpret your results.
Work out:
i.
ii.
iii.
iv.
= 165.
The marginal cost when x = 330 and x
the marginal revenue when x = 330 and x =
The marginal profit when x = 330 and x = 165.
What do these numbers tell you about the cost, revenue, and profit?
= 165 and
Transcribed Image Text:2. In a lab, the production cost, in dollars, per day of producing xbottles of medication is given by: C(x)=4329 +9x- 0.09x2+ 0.0008x³. i. ii. 3. The production cost, in dollars, per week of producing x bottles is given by: C(x) = 9200 26x+ 0.06x² + 0.00009x³ while the demand function for the bottles is given by:p(x) = 840 – 0.05x Determine the marginal cost when: x = 250 x = 500 Interpret your results. Work out: i. ii. iii. iv. = 165. The marginal cost when x = 330 and x the marginal revenue when x = 330 and x = The marginal profit when x = 330 and x = 165. What do these numbers tell you about the cost, revenue, and profit? = 165 and
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