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A division of Ditton Industries manufactures a deluxe toaster oven. Management has determined that the daily marginal cost function associated with producing these toaster ovens is given by C'(x) = 0.009x² -0.13x + 17 where C'(x) is measured in dollars per unit and a denotes the number of units produced. Management has also determined that the daily fixed cost incurred in the production is 900 (a) Find the total cost incurred by Ditton in producing the first 300 units of these toaster ovens per day. (b) What is the total cost incurred by Ditton in producing the 201st through 300th units/day?

A division of Ditton Industries manufactures a deluxe toaster oven. Management has determined that the daily marginal cost function associated with producing these toaster ovens is given by C'(x) = 0.009x² -0.13x + 17 where C'(x) is measured in dollars per unit and a denotes the number of units produced. Management has also determined that the daily fixed cost incurred in the production is 900 (a) Find the total cost incurred by Ditton in producing the first 300 units of these toaster ovens per day. (b) What is the total cost incurred by Ditton in producing the 201st through 300th units/day?

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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A division of Ditton Industries manufactures a deluxe toaster oven. Management has determined that the daily marginal cost function associated with producing these toaster ovens is given by C'(x) = 0.009x² – 0.13x + 17 where C'(x) is measured in dollars per unit and a denotes the number of units produced. Management has also determined that the daily fixed cost incurred in the production is 900 (a) Find the total cost incurred by Ditton in producing the first 300 units of these toaster ovens per day. (b) What is the total cost incurred by Ditton in producing the 201st through 300th units/day?
Transcribed Image Text:A division of Ditton Industries manufactures a deluxe toaster oven. Management has determined that the daily marginal cost function associated with producing these toaster ovens is given by C'(x) = 0.009x² – 0.13x + 17 where C'(x) is measured in dollars per unit and a denotes the number of units produced. Management has also determined that the daily fixed cost incurred in the production is 900 (a) Find the total cost incurred by Ditton in producing the first 300 units of these toaster ovens per day. (b) What is the total cost incurred by Ditton in producing the 201st through 300th units/day?
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