Suppose that we're making and selling some widget and the cost (in dollars) when making a widgets is C(x) = 0.0012³ - 0.08x² +30x+2000. What are the average cost and marginal average cost functions, and what is the marginal average cost when we sell 53 widgets? The average cost function is Č(x) = The marginal average cost function is c'(x) = If we're already making 53 widgets, by how much will our average cost per widget change if we increase production by one unit? $ (round to 4 decimal places if rounding is needed)

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter3: Linear And Nonlinear Functions
Section: Chapter Questions
Problem 26MCQ
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= 0.001³ - 0.08x² +30x + 2000. What are the average
Suppose that we're making and selling some widget and the cost (in dollars) when making a widgets is C'(x)
cost and marginal average cost functions, and what is the marginal average cost when we sell 53 widgets?
The average cost function is (x)
The marginal average cost function is ¹(x)
If we're already making 53 widgets, by how much will our average cost per widget change if we increase production by one unit? $
rounding is needed)
.(round to 4 decimal places if
Transcribed Image Text:= 0.001³ - 0.08x² +30x + 2000. What are the average Suppose that we're making and selling some widget and the cost (in dollars) when making a widgets is C'(x) cost and marginal average cost functions, and what is the marginal average cost when we sell 53 widgets? The average cost function is (x) The marginal average cost function is ¹(x) If we're already making 53 widgets, by how much will our average cost per widget change if we increase production by one unit? $ rounding is needed) .(round to 4 decimal places if
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