Assume that it costs a company approximately C x 400 000 140x 0 002x dollars to manufacture x smartphones in an hour a Find the

Question

Assume that it costs a company approximately C x 400 000 140x 0 002x dollars to manufacture x smartphones in an hour a Find the marginal cost function Use it to estimate how fast the cost is increasing when x 10 000 per smartphone Compare this with the exact cost of producing the 10 001st smartphone The cost is increasing at a rate of per smartphone The exact cost of producing the 10 001st smartphone is b Find the average cost function C and the average cost to produce the first 10 000 smartphones C x 10 000 c Using your answers to parts a and b determine whether the average cost is rising or falling at a production level of 10 000 smartphones The marginal cost from a Select than the average cost from b This means that the average cost is Select higher lower Thus there is a difference of at a production level of 10 000 smartphones

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