The estimated cost to produce x items is given by the function: C(x)= 0.004x² + 5x + 6000 Determine the average cost and marginal cost of producing 2,000 items and calculate the level of output for which the average cost is the lowest and what that cost is.

Here is the production cost function, in $ of producing q units of a product: 2200 C(q) = 300 +0.8q2 + %3D and the demand function of the product is: p(x) = 200 - 0.05q a. Determine the marginal cost, marginal revenue and marginal profit when q=50 and q=150? b. Interpret the results of the calculation in part (a) if it is related to cost, revenue and profit?

Consider the following function: Ĉ = 0.03q + 6 + 200/q - determine the approximate cost to increase production from 200 units to 201 units - determine the function of marginal cost

Suppose the cost function for a firm is given by C(q) = 200 + 5q. Then: (i) the fixed cost is (ii) the variable cost is (iii) the marginal cost is (iv) the average cost is