Pearl Ltd. intends to manufacture and market vegetable crates. Their research department has derived the price-demand equation and the cost function, respectively as: x=10,000-40p and C(x)=180,000+30p where x is the number of crates that can be sold at $p per unit and C(x) represents the total cost of producing x crates. c. Find the marginal cost function and use it to approximate the cost of producing the 85th crate.
Pearl Ltd. intends to manufacture and market vegetable crates. Their research department has derived the price-demand equation and the cost function, respectively as: x=10,000-40p and C(x)=180,000+30p where x is the number of crates that can be sold at $p per unit and C(x) represents the total cost of producing x crates. c. Find the marginal cost function and use it to approximate the cost of producing the 85th crate.
Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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Pearl Ltd. intends to manufacture and market vegetable crates. Their research department has derived the price-demand equation and the cost function, respectively as:
x=10,000-40p and C(x)=180,000+30p
where x is the number of crates that can be sold at $p per unit and C(x) represents the total cost of producing x crates.
c. Find the marginal cost function and use it to approximate the cost of producing the 85th crate.
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