Suppose that the cost function for a commodity is C(x) = 20 + x2 dollars. (a) Find the marginal cost at x = 4 units. MC(4) = Tell what this predicts about the cost of producing 1 additional unit. The cost to produce the 5th unit is predicted to be $ (b) Calculate C(5) - C(4) to find the actual cost of producing 1 additional unit. $
Suppose that the cost function for a commodity is C(x) = 20 + x2 dollars. (a) Find the marginal cost at x = 4 units. MC(4) = Tell what this predicts about the cost of producing 1 additional unit. The cost to produce the 5th unit is predicted to be $ (b) Calculate C(5) - C(4) to find the actual cost of producing 1 additional unit. $
Algebra and Trigonometry (MindTap Course List)
4th Edition
ISBN:9781305071742
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter2: Functions
Section2.4: Average Rate Of Change Of A Function
Problem 4.2E: bThe average rate of change of the linear function f(x)=3x+5 between any two points is ________.
Question
Transcribed Image Text:Suppose that the cost function for a commodity is
C(x) = 20 + x2 dollars.
(a) Find the marginal cost at x = 4 units.
MC(4) =
Tell what this predicts about the cost of producing 1 additional unit.
The cost to produce the 5th unit is predicted to be $
(b) Calculate C(5) - C(4) to find the actual cost of producing 1 additional unit.
$
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