The cost function for a certain commodity is C(x) =84 + 0.16x - 0.0006x^{2} + 0.000003x^{3} (a.)Find and interpret C'(100). (b.) Compare C'(100) with the cost of producing the 101st item(C'(101)).

geduiwelh

geduiwelh

Answered question

2021-03-21

The cost function for a certain commodity is C(x)=84+0.16x0.0006x2+0.000003x3
(a.)Find and interpret C'(100).
(b.) Compare C'(100) with the cost of producing the 101st item(C'(101)).

Answer & Explanation

Dora

Dora

Skilled2021-03-23Added 98 answers

C'(100)=.13
C'(101)=.13061

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