Solved

Suppose the Total Cost in Maunufacturing xx Units of a Certain Product Is

Question 161

Short Answer

Suppose the total cost in maunufacturing xx units of a certain product is C(x)C ( x ) dollars.
a. What does C(x)C ^ { \prime } ( x ) measure? Give units.
b. What can you say about the sign of CC ^ { \prime } ?
c. Given that C(3000)=11C ^ { \prime } ( 3000 ) = 11 , estimate the additional cost in producing the 3001 st unit of the product.

Correct Answer:

verifed

Verified

a. blured image, measured in dollars per u...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents