This preview shows pages 1–3. Sign up to view the full content.

Business Calculus First Application: Marginal Analysis PROBLEM 1 For the cost function, find the marginal cost at the given production level x . State the units of measurement. (All costs are in dollars.) ( ) ANSWER: The marginal cost at the production level x = 100 is ( ) dollars per item. PROBLEM 2 Find the marginal cost, marginal revenue, and marginal profit functions. ( ) ( ) ANSWERS: a) Marginal cost ( ) b) Marginal revenue ( ) c) Marginal profit ( ) d) Find all values of x for which the marginal profit is zero. Set ( ) . Solve for x. .

This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document
Business Calculus First Application: Marginal Analysis PROBLEM 3 (a) The associated marginal cost is _______. CHECK ONE: increasing, then decreasing decreasing, then increasing always decreasing always increasing (b) The marginal cost is least at approximately___. CHECK ONE: x = 0 x = 50 x = 100 x = 150 (c) The cost of 50 items is _______. CHECK ONE: approximately \$9, and increasing at a rate of about \$1,350 per item approximately \$1,350, and increasing at a rate of about \$9 per item approximately \$1.8, and increasing at a rate of about \$1,350 per item approximately \$1,350, and increasing at a rate of about \$1.8 per item
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

### What students are saying

• As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

Kiran Temple University Fox School of Business ‘17, Course Hero Intern

• I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

Dana University of Pennsylvania ‘17, Course Hero Intern

• The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

Jill Tulane University ‘16, Course Hero Intern