Isn't that exactly what "marginal cost" means?
Hello all, I have 2 questions and if you could help me and explain them I would appreciate it so much. Thank you!
1. The marginal cost C′(q) (in dollars per unit) of producing q units is given in the following table.I found the answer of (a) which is 19,500 but how do I find (b) without a function to plug into my integral?
(a) If fixed cost is $12,000, estimate the total cost of producing 400 units. (b) How much would the total cost increase if production were increased one unit, to 401 units?
q 0 100 200 300 400 500 600 C′(q) 24 20 15 17 22 32 38
2. The graph of a derivative f′(x) is shown in Figure 5.67. Fill in the table of values for f(x) given that f(0) = 2.
x 0 1 2 3 4 5 6 f(x) 2
Figure 5.67 Graph of f′, not f
I have no idea how to even start this one. Please help me!