that the dollar cost of producing X appliances is c(x) = 1000+70x-0.1x². ■ Find the average cost per appliance of producing the first 100 appliances. =. Find the marginal cost when 100 appliances are produced. - Show that the marginal cost when 100 appliances are produced is approximately the cost of producing one more appliance after the first 100 have been made, by calculating the latter cost directly. QUEREND The average cost per appliance of producing the first 100 appliances is $ Round to the nearest cent as needed.) /appliance.
that the dollar cost of producing X appliances is c(x) = 1000+70x-0.1x². ■ Find the average cost per appliance of producing the first 100 appliances. =. Find the marginal cost when 100 appliances are produced. - Show that the marginal cost when 100 appliances are produced is approximately the cost of producing one more appliance after the first 100 have been made, by calculating the latter cost directly. QUEREND The average cost per appliance of producing the first 100 appliances is $ Round to the nearest cent as needed.) /appliance.
Chapter6: Proudction Costs
Section: Chapter Questions
Problem 8SQ
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Transcribed Image Text:Suppose that the dollar cost of producing x appliances is c(x) = 1000 + 70x-0.1x².
a. Find the average cost per appliance of producing the first 100 appliances.
b. Find the marginal cost when 100 appliances are produced.
c. Show that the marginal cost when 100 appliances are produced is approximately the cost of producing one more
appliance after the first 100 have been made, by calculating the latter cost directly.
CUCKO
The average cost per appliance of producing the first 100 appliances is $
(Round to the nearest cent as needed.)
/appliance.
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