Math Problem Statement
Round your answers to two decimal places. **** Suppose that ****
C(x) = 0.02x2 + 5x + 2,416
is the total cost (in dollars) for a company to produce x units of a certain product.
Compute the
marginal and actual cost for x = 90. **** Marginal cost is $ and actual cost is $.
Solution
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Math Problem Analysis
Mathematical Concepts
Calculus
Cost Functions
Derivatives
Formulas
Total cost function: C(x) = 0.02x^2 + 5x + 2416
Marginal cost: C'(x) = d(C(x))/dx
Actual cost: C(x) evaluated at x = 90
Theorems
Derivative Rules
Suitable Grade Level
Grades 10-12 (Advanced high school calculus)
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