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.) HINT [See Example 1.]

c(x) = 15000 +90x +1000/x x = 100

Solution

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Math Problem Analysis

Mathematical Concepts

Calculus
Differentiation
Marginal Cost

Formulas

Cost function: c(x) = 15000 + 90x + 1000/x
Marginal cost function: c'(x) = 90 - 1000/x^2

Theorems

Derivative of a function

Suitable Grade Level

Undergraduate (Economics, Business, or Calculus)