(A) Find the exact cost of producing the 21st machine. Exact cost of 21st machine = (B) Use marginal cost to approximate the cost of producing the 21st machine. Approx. cost of 21st machine =

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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 Recall that to find the cost to produce the nnth unit in a production process, we calculate the difference

C(n) – C(n – 1)
where C(n) is the cost of producing n units.
The total cost (in dollars) of producing x coffee machines is
C(x) = 2500 + 40x – 0.5x².
(A) Find the exact cost of producing the 21st machine.
Exact cost of 21st machine =
(B) Use marginal cost to approximate the cost of producing the 21st machine.
Approx. cost of 21st machine =
Transcribed Image Text:C(n) – C(n – 1) where C(n) is the cost of producing n units. The total cost (in dollars) of producing x coffee machines is C(x) = 2500 + 40x – 0.5x². (A) Find the exact cost of producing the 21st machine. Exact cost of 21st machine = (B) Use marginal cost to approximate the cost of producing the 21st machine. Approx. cost of 21st machine =
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