Marginal Cost The total weekly cost (in dollars) incurred by Lincoln Records in pressing x compact discs is given by the following fu C(x) = 2000 + 2x -0.0001x² (0 ≤ x ≤ 6000) (a) What is the actual cost incurred in producing the 1091st and the 2061st disc? (Round your answers to the nearest cent.) 1091st disc $ 2061st disc $ (b) What is the marginal cost when x = 1090 and 2060? (Round your answers to the nearest cent.) 1090 $ 2060 $

Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
6th Edition
ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
Publisher:Bruce Crauder, Benny Evans, Alan Noell
Chapter2: Graphical And Tabular Analysis
Section2.1: Tables And Trends
Problem 5E: Economic Efficiency Marginal cost is the additional cost imposed by the production of one additional...
icon
Related questions
Question

Help with marginal cost, having a hard time with using word problems and combining it with using derivatives

Marginal Cost The total weekly cost (in dollars) incurred by Lincoln Records in pressing x compact discs is given by the following function.
C(x) = = 2000 + 2x 0.0001x²
(0 ≤ x ≤ 6000)
(a) What is the actual cost incurred in producing the 1091st and the 2061st disc? (Round your answers to the nearest cent.)
1091st disc $
2061st disc
-
(b) What is the marginal cost when x = 1090 and 2060? (Round your answers to the nearest cent.)
1090
$
2060
Transcribed Image Text:Marginal Cost The total weekly cost (in dollars) incurred by Lincoln Records in pressing x compact discs is given by the following function. C(x) = = 2000 + 2x 0.0001x² (0 ≤ x ≤ 6000) (a) What is the actual cost incurred in producing the 1091st and the 2061st disc? (Round your answers to the nearest cent.) 1091st disc $ 2061st disc - (b) What is the marginal cost when x = 1090 and 2060? (Round your answers to the nearest cent.) 1090 $ 2060
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 4 steps with 10 images

Blurred answer
Recommended textbooks for you
Functions and Change: A Modeling Approach to Coll…
Functions and Change: A Modeling Approach to Coll…
Algebra
ISBN:
9781337111348
Author:
Bruce Crauder, Benny Evans, Alan Noell
Publisher:
Cengage Learning
College Algebra
College Algebra
Algebra
ISBN:
9781938168383
Author:
Jay Abramson
Publisher:
OpenStax
College Algebra
College Algebra
Algebra
ISBN:
9781337282291
Author:
Ron Larson
Publisher:
Cengage Learning
College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning