Concept explainers
Rate of Change of Production Costs The daily total cost C(x) incurred by Trappee and Sons for producing x cases of TexaPep hot sauce is given by
C(x) = 0.000002x3+ 5x + 400
Calculate
for h = 1, 0.1, 0.01, 0.001, and 0.0001, and use your results to estimate the rate of change of the total cost function when the level of production is 100 cases/day.
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Chapter 2 Solutions
Applied Calculus for the Managerial, Life, and Social Sciences: A Brief Approach
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