Helping students gain understanding and self-confidence in algebra.
GreenLantern wrote:A. Give the extra cost of producing one more unit when the production is already at a level of x=50
I gave $5.51 because C(51)-C(50)=5.51
GreenLantern wrote:B. Give the marginal cost function.
GreenLantern wrote:C. Give the average marginal cost function.
This one I'm having problems with (more so if I did the first two wrong), but I think it has something to do with a summation formula.
GreenLantern wrote:So C(x) becomes...
... after the derivative becoming the Marginal Cost function.
GreenLantern wrote:I don't know what the C(x) with the line over it is...
GreenLantern wrote:First I take the cost function itself and put it over x.
GreenLantern wrote:Derivative time!
stapel_eliz wrote:GreenLantern wrote:Derivative time!
Shouldn't there be a "minus" sign in front, from the -1 exponent?