In an extensive study of cost functions for 40 firms in Great Britain, it was found that if x is the output (in millions of units) and y is the total cost (in thousands of pounds of sterling), then the cost function is similar to the following: C(x) Compute the marginal costs when x = 33 million units have been produced. 0.01x² + 2.48x + 11.53 The marginal costs at 33 million units is (Enter a number only, including a negative sign, if appropriate.) The proper units are: O Units per sterling O Thousands of pounds of sterling per million units O Millions of units per thousands of pounds of sterling O Sterling per unit

Algebra and Trigonometry (MindTap Course List)
4th Edition
ISBN:9781305071742
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter2: Functions
Section2.4: Average Rate Of Change Of A Function
Problem 4.2E: bThe average rate of change of the linear function f(x)=3x+5 between any two points is ________.
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In an extensive study of cost functions for 40 firms in Great Britain, it was found that if is the output (in
millions of units) and y is the total cost (in thousands of pounds of sterling), then the cost function is
similar to the following:
C(x) =
Compute the marginal costs when x = 33 million units have been produced.
0.01x² + 2.48x + 11.53
The marginal costs at 33 million units is
(Enter a number only, including a
negative sign, if appropriate.)
The proper units are:
O Units per sterling
O Thousands of pounds of sterling per million units
O Millions of units per thousands of pounds of sterling
O Sterling per unit
Transcribed Image Text:In an extensive study of cost functions for 40 firms in Great Britain, it was found that if is the output (in millions of units) and y is the total cost (in thousands of pounds of sterling), then the cost function is similar to the following: C(x) = Compute the marginal costs when x = 33 million units have been produced. 0.01x² + 2.48x + 11.53 The marginal costs at 33 million units is (Enter a number only, including a negative sign, if appropriate.) The proper units are: O Units per sterling O Thousands of pounds of sterling per million units O Millions of units per thousands of pounds of sterling O Sterling per unit
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