Advanced Engineering Mathematics
10th Edition
ISBN: 9780470458365
Author: Erwin Kreyszig
Publisher: Wiley, John & Sons, Incorporated
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The total cost (in dollars) of producing x motorcycle frames is C(x)=13000+300x. (A) Find the average cost per motorcycle if 500 frames are produced. Ave. cost per motorcycle = (B) Find the marginal average cost at a production level of 500 frames. Marginal average cost = (C) Use the results from parts (A) and (B) to estimate the average cost per frame if 501 frames are produced. Average cost =
Transcribed Image Text:The total cost (in dollars) of producing a motorcycle frames is
C(x) = 13000 + 300x.
(A) Find the average cost per motorcycle if 500 frames are
produced.
Ave. cost per motorcycle
=
(B) Find the marginal average cost at a production level of 500
frames.
Marginal average cost =
(C) Use the results from parts (A) and (B) to estimate the
average cost per frame if 501 frames are produced.
Average cost =
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- You have been placed in charge of minimizing costs on a production line. The cost model is C=100x-12^2+3x^3. The variable x represents the level of production for the given cost. Determine the production level that minimizes the average cost. A.) Find the marginal cost. (Divide by x and take 1st derivative) B.) What is the production level?arrow_forwardHow to find the Marginal cost if the cost function is equal to a number with only one x value. For example, if your cost function = 4x+8000, then your marginal cost would just be 4?arrow_forward
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