The cost of producing a units of stuffed alligator toys is C(x) = 0.001x² + 7x + 6000. (a) Find the cost to produce 500 units. (b) Find the total cost to produce 501 units (c) Find the cost to produce only the 501st unit. dollars dollars dollars (d) Find the marginal cost at the production level of 500 units. dollars/unit (e) What is the correct interpretation for the marginal cost? O When 500 units are produced, the cost of additional units is approximately 8 dollars per unit. O When the marginal cost is 8, 500 units are produced at that price. When 500 units are produced, the cost is 8 dollars per unit. When 500 units are produced, the first 500 cost 8 dollars per unit.

The cost of producing a units of stuffed alligator toys is C(x) = 0.001x² + 7x + 6000. (a) Find the cost to produce 500 units. (b) Find the total cost to produce 501 units (c) Find the cost to produce only the 501st unit. dollars dollars dollars (d) Find the marginal cost at the production level of 500 units. dollars/unit (e) What is the correct interpretation for the marginal cost? O When 500 units are produced, the cost of additional units is approximately 8 dollars per unit. O When the marginal cost is 8, 500 units are produced at that price. When 500 units are produced, the cost is 8 dollars per unit. When 500 units are produced, the first 500 cost 8 dollars per unit.

College Algebra

1st Edition

ISBN:9781938168383

Author:Jay Abramson

Publisher:Jay Abramson

Chapter3: Functions

Section3.3: Rates Of Change And Behavior Of Graphs

Problem 3SE: How are the absolute maximum and minimum similar to and different from the local extrema?

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