Math Problem Statement

For the cost function, find the marginal cost at the given production level x. State the units of measurement. (All costs are in dollars.)

C(x) = 20,000 + 40x + 

10,000

x

;    x = 100

  ----------Select Units---------- dollars per item dollars items dollars per dollar per item

Solution

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Math Problem Analysis

Mathematical Concepts

Calculus
Differentiation
Marginal Cost Analysis

Formulas

Derivative of a constant is zero
Derivative of ax is a
Derivative of a/x is -a/x^2

Theorems

Definition of derivative as the rate of change
Marginal cost interpretation in economics

Suitable Grade Level

Grades 11-12