The nature of marginal cost from the following options such that daily cost to manufacture trinkets is given by the function C ( x ) = − 0.001 x 2 + 0.3 x + 500 dollars where x means the number of trinkets increases, options are given below: (A) increases (B) decreases (C) increases, then decreases (D) decreases, then increases
The nature of marginal cost from the following options such that daily cost to manufacture trinkets is given by the function C ( x ) = − 0.001 x 2 + 0.3 x + 500 dollars where x means the number of trinkets increases, options are given below: (A) increases (B) decreases (C) increases, then decreases (D) decreases, then increases
Solution Summary: The author explains that the daily cost to manufacture trinkets is given by the function C(x)=-0.001x 2+0.3x+500 where x (the
The nature of marginal cost from the following options such that daily cost to manufacture trinkets is given by the function C(x)=−0.001x2+0.3x+500 dollars where x means the number of trinkets increases, options are given below:
(A) increases
(B) decreases
(C) increases, then decreases
(D) decreases, then increases
(b)
To determine
The nature of average cost from the following options such that daily cost to manufacture trinkets is given by the function C(x)=−0.001x2+0.3x+500 dollars where x (the number of trinkets) increases, options are given below:
(A) increases
(B) decreases
(C) increases, then decreases
(D) decreases, then increases
(c)
To determine
The relation between marginal cost and average cost when x=100 from the following options such that daily cost to manufacture trinkets is given by the function C(x)=−0.001x2+0.3x+500 dollars where x (the number of trinkets) increases.