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Marginal Cost A division of Ditton Industries manufactures the Futura model microwave oven. The daily cost (in dollars) of producing these microwave ovens given by the following function, where x stands for the number of units produced. C(x) = 0.0002x³-0.06x² + 120x + 5000 (a) What is the actual cost incurred manufacturing the 91st oven? The 241st oven? The 311st oven? (Round your answers to the nearest cent.) 91st $ 241st $ 311st $ (b) What is the marginal cost whenx=90, 240, and 310? (Round your answers to the nearest cent.) 90 $ 240 $ 310 $

Marginal Cost A division of Ditton Industries manufactures the Futura model microwave oven. The daily cost (in dollars) of producing these microwave ovens given by the following function, where x stands for the number of units produced. C(x) = 0.0002x³-0.06x² + 120x + 5000 (a) What is the actual cost incurred manufacturing the 91st oven? The 241st oven? The 311st oven? (Round your answers to the nearest cent.) 91st $ 241st $ 311st $ (b) What is the marginal cost whenx=90, 240, and 310? (Round your answers to the nearest cent.) 90 $ 240 $ 310 $

Managerial Economics: A Problem Solving Approach
Managerial Economics: A Problem Solving Approach
5th Edition
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Chapter3: Benefits, Costs, And Decisions
Section: Chapter Questions
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Marginal Cost A division of Ditton Industries manufactures the Futura model microwave oven. The daily cost (in dollars) of producing these microwave ovens given by the following function, where x stands for the number of units produced. c(x) = 0.0002x³ -0.06x² + 120x + 5000 (a) What is the actual cost incurred in manufacturing the 91st oven? The 241st oven? The 311st oven? (Round your answers to the nearest cent.) 91st 241st $ 311st $ (b) What is the marginal cost when x = 90, 240, and 310? (Round your answers to the nearest cent.) 90 $ 240 $ 310 $
Transcribed Image Text:Marginal Cost A division of Ditton Industries manufactures the Futura model microwave oven. The daily cost (in dollars) of producing these microwave ovens given by the following function, where x stands for the number of units produced. c(x) = 0.0002x³ -0.06x² + 120x + 5000 (a) What is the actual cost incurred in manufacturing the 91st oven? The 241st oven? The 311st oven? (Round your answers to the nearest cent.) 91st 241st $ 311st $ (b) What is the marginal cost when x = 90, 240, and 310? (Round your answers to the nearest cent.) 90 $ 240 $ 310 $
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