Marginal Cost (Interaction Model) Your weekly cost (in dollars) to manufacture x bicycle and y tricycles is C ( x , y ) = 24 , 000 + 60 x + 20 y + 0.3 x y . (Compare with Exercise 42.) Compute the marginal cost of manufacturing tricycle at a production level of 10 bicycles and 20 tricycles. [ HINT: See Example 2.]
Marginal Cost (Interaction Model) Your weekly cost (in dollars) to manufacture x bicycle and y tricycles is C ( x , y ) = 24 , 000 + 60 x + 20 y + 0.3 x y . (Compare with Exercise 42.) Compute the marginal cost of manufacturing tricycle at a production level of 10 bicycles and 20 tricycles. [ HINT: See Example 2.]
Solution Summary: The author calculates the marginal cost of manufacturing tricycles at a production level of 10 bicycles and 20
Marginal Cost (Interaction Model) Your weekly cost (in dollars) to manufacture x bicycle and y tricycles is
C
(
x
,
y
)
=
24
,
000
+
60
x
+
20
y
+
0.3
x
y
.
(Compare with Exercise 42.) Compute the marginal cost of manufacturing tricycle at a production level of 10 bicycles and 20 tricycles. [HINT: See Example 2.]
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