Concept explainers
(a)
To find: The marginal cost function
(a)
Explanation of Solution
Given: The cost function is
The marginal cost is the derivative of the cost function.
Therefore, the marginal cost functionis
(b)
To find: The value of
(b)
Explanation of Solution
Given: The cost function is
The marginal cost is the derivative of the cost function.
Therefore, the value of
(c)
To compare: The value of
(c)
Explanation of Solution
Given: The cost function is
The marginal cost is the derivative of the cost function.
The cost of product
Therefore, the value of marginal cost is same.
(d)
To find: The value of
(d)
Explanation of Solution
Given: The cost function is
An inflection is a
Therefore, the value of
Chapter 3 Solutions
Single Variable Calculus: Concepts and Contexts, Enhanced Edition
- Calculus: Early TranscendentalsCalculusISBN:9781285741550Author:James StewartPublisher:Cengage LearningThomas' Calculus (14th Edition)CalculusISBN:9780134438986Author:Joel R. Hass, Christopher E. Heil, Maurice D. WeirPublisher:PEARSONCalculus: Early Transcendentals (3rd Edition)CalculusISBN:9780134763644Author:William L. Briggs, Lyle Cochran, Bernard Gillett, Eric SchulzPublisher:PEARSON
- Calculus: Early TranscendentalsCalculusISBN:9781319050740Author:Jon Rogawski, Colin Adams, Robert FranzosaPublisher:W. H. FreemanCalculus: Early Transcendental FunctionsCalculusISBN:9781337552516Author:Ron Larson, Bruce H. EdwardsPublisher:Cengage Learning