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
Ask a new question for Free
By Image
Drop file here or Click Here to upload
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
Related Recommendation
Cost, Price, and Profit Maximization: Solving for Marginal Cost and Average Cost
Marginal Cost Calculation for c(x) = 15000 + 90x + 1000/x at x = 100
Calculate the Average and Instantaneous Rate of Change for the Cost Function C(x) = 8000 + 13x + 0.1x^2
Find Marginal Cost and Cost of 101st Item Using Derivatives
Find Marginal Cost for Compact Discs Using Differentiation