The weekly cost for a small confectioner to produce g chocolate bars is C(q) = 1700 + 0.12q + 0.001g?. (a) Find the average cost function. average cost function = (b) Find the marginal cost function. marginal cost function = (c) Compute the average cost and the marginal cost when 500 chocolate bars have been produced. (Round your answers to two decimal places.) average cost 2$ marginal cost $4 What is the actual cost of the 501st chocolate bar?
The weekly cost for a small confectioner to produce g chocolate bars is C(q) = 1700 + 0.12q + 0.001g?. (a) Find the average cost function. average cost function = (b) Find the marginal cost function. marginal cost function = (c) Compute the average cost and the marginal cost when 500 chocolate bars have been produced. (Round your answers to two decimal places.) average cost 2$ marginal cost $4 What is the actual cost of the 501st chocolate bar?
Algebra and Trigonometry (MindTap Course List)
4th Edition
ISBN:9781305071742
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter2: Functions
Section2.4: Average Rate Of Change Of A Function
Problem 4.2E: bThe average rate of change of the linear function f(x)=3x+5 between any two points is ________.
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Step 1
Given: The weekly cost function is:
To find:
- The average cost function.
- Marginal cost function.
- Average and marginal costs for 500 chocolates and the actual cost of the 501st chocolate bar.
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