Marginal Cost A division of Ditton Industries manufactures a deluxe toaster oven. Management has determined that the daily marginal cost function associated with producing these toaster ovens is given by where C'(x) is measured in dollars per unit and x denotes the number of units produced. Management has also determined that the daily fixed cost incurred in the production is $900. C'(x) = 0.0006x2 − 0.14x + 24 a. Find the total cost incurred by Ditton in producing the first 300 units of these toaster ovens per day. b.What is the total cost incurred by Ditton in producing the 201st through 300th units/day?

Marginal Cost A division of Ditton Industries manufactures a deluxe toaster oven. Management has determined that the daily marginal cost function associated with producing these toaster ovens is given by where C'(x) is measured in dollars per unit and x denotes the number of units produced. Management has also determined that the daily fixed cost incurred in the production is $900. C'(x) = 0.0006x2 − 0.14x + 24 a. Find the total cost incurred by Ditton in producing the first 300 units of these toaster ovens per day. b.What is the total cost incurred by Ditton in producing the 201st through 300th units/day?

Algebra & Trigonometry with Analytic Geometry

13th Edition

ISBN:9781133382119

Author:Swokowski

Publisher:Swokowski

Chapter2: Equations And Inequalities

Section2.6: Inequalities

Problem 88E

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Marginal Cost A division of Ditton Industries manufactures a deluxe toaster oven. Management has determined that the daily marginal cost function associated with producing these toaster ovens is given by

where C'(x) is measured in dollars per unit and x denotes the number of units produced. Management has also determined that the daily fixed cost incurred in the production is $900.

C'(x) = 0.0006x² − 0.14x + 24

a. Find the total cost incurred by Ditton in producing the first 300 units of these toaster ovens per day.

b.What is the total cost incurred by Ditton in producing the 201st through 300th units/day?

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