PLEASE HELP
Let C(q) represent the total cost of producing q items. Then C′(q) gives the marginal cost in dollars per item. Suppose a company determines that C(13)=2800 and C′(13)=73. Estimate the total cost of producing the following number of items. Your answers should be whole numbers.
a) 14 items
b) 12 items
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OpenStudy (anonymous):
@ganeshie8
OpenStudy (anonymous):
@freckles
ganeshie8 (ganeshie8):
you may use linear approximation
OpenStudy (anonymous):
ok
ganeshie8 (ganeshie8):
Remember, "derivative of a function at a point" gives the "slope of tangent line" at that point.
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OpenStudy (anonymous):
f(b + h) ≈ f( b ) + f’( b )∙( h )
OpenStudy (anonymous):
@ganeshie8
ganeshie8 (ganeshie8):
Excellent!
so do we get :
C(14) = C(13 + 1) = C(13) + C'(13)*(1)
?
OpenStudy (anonymous):
i think so @ganeshie8
ganeshie8 (ganeshie8):
C(13)=2800 and C′(13)=73.
plug them in
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OpenStudy (anonymous):
ok. is it 2,873?
ganeshie8 (ganeshie8):
Looks good!
OpenStudy (anonymous):
so how would be do b?
OpenStudy (anonymous):
@ganeshie8
OpenStudy (anonymous):
@dan815
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