The cost of producing 5-gallon water bottles is given by C(q) = 0.005q² + 2q + 1000. If 2000 5-gallon water bottles are produced, find the (i) total cost (ii) average cost (iii) marginal cost (iv) marginal average cost

College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter4: Polynomial And Rational Functions
Section4.1: Quadratic Functions
Problem 6SC: A company that makes and sells baseball caps has found that the total monthly cost C in dollars of...
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The cost of producing 5-gallon water bottles is given by
C(q) = 0.005q² + 2q + 1000.
If 2000 5-gallon water bottles are produced, find the
(i) total cost
(ii) average cost
(iii) marginal cost
(iv) marginal average cost
Transcribed Image Text:The cost of producing 5-gallon water bottles is given by C(q) = 0.005q² + 2q + 1000. If 2000 5-gallon water bottles are produced, find the (i) total cost (ii) average cost (iii) marginal cost (iv) marginal average cost
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