Mathematics, 04.03.2020 04:20 KittyLoverCat
The cost, in dollars, of producing x yards of a certain fabric is C(x) = 1500 + 12x β 0.1x2 + 0.0005x3. (a) Find the marginal cost function. C'(x) = (b) Find C'(500) and explain its meaning. What does it predict? C'(500) = and this is the rate at which costs are increasing with respect to the production level when x = . C'(500) predicts the cost of producing the yard. (c) Compare C'(500) with the cost of manufacturing the 501st yard of fabric. (Round your answers to four decimal places.) The cost of manufacturing the 501st yard of fabric is C(501) β C(500) = β 45,000 β , which is approximately C'(500).
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The cost, in dollars, of producing x yards of a certain fabric is C(x) = 1500 + 12x β 0.1x2 + 0.0005...
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