The total cost (in hundreds of dollars) to produce x units of perfume is C(x)- 8x-1 6x+7 (a) Find the average cost function. (b) Find the marginal average cost function (c) Find the average cost and the marginal average cost for a production level of 15 units. Interpret your results. (a) The average cost function is C(x)- (b) The marginal average cost function is c'(x)= (c) The average cost for 15 units is $ (Round to the nearest cent as needed.) per unit. The marginal average cost for 15 units is $

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter3: Functions
Section3.2: Domain And Range
Problem 61SE: The cost in dollars of making x items is given by the function Cx)=10x+500. a. The fixed cost is...
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The total cost (in hundreds of dollars) to produce x units of perfume is C(x)=
(a) Find the average cost function.
(b) Find the marginal average cost function
(c) Find the average cost and the marginal average cost for a production level of 15 units. Interpret your results.
8x-1
6x+7
(a) The average cost function is C(x)=
(b) The marginal average cost function is c'(x)=
(c) The average cost for 15 units is $
(Round to the nearest cent as needed.)
Interpret your results.
per unit. The marginal average cost for 15 units is $
When 15 units are produced, the average cost is $ per unit and the average cost is
(Round to the nearest cent as needed.)
at a rate of about $ per unit.
Transcribed Image Text:The total cost (in hundreds of dollars) to produce x units of perfume is C(x)= (a) Find the average cost function. (b) Find the marginal average cost function (c) Find the average cost and the marginal average cost for a production level of 15 units. Interpret your results. 8x-1 6x+7 (a) The average cost function is C(x)= (b) The marginal average cost function is c'(x)= (c) The average cost for 15 units is $ (Round to the nearest cent as needed.) Interpret your results. per unit. The marginal average cost for 15 units is $ When 15 units are produced, the average cost is $ per unit and the average cost is (Round to the nearest cent as needed.) at a rate of about $ per unit.
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