Problem

Assume that $C(x)$ is in dollars and $x$ is the number of units produced and sold. For the total-cost function $C(x)=0.01 x^{2}+0.6 x+40$, find $\Delta C$ and $C^{\prime}(x)$ when $x=90$ and $\Delta x=1$. \[ \Delta \mathrm{C}=\$ \] (Simplify your answer. Type an integer or decimal rounded to two decimal places as needed.)

Solution

Step 1 :Given the total-cost function $C(x)=0.01 x^{2}+0.6 x+40$, we are asked to find the change in cost ($\Delta C$) and the derivative of the cost function ($C'(x)$) when $x=90$ and $\Delta x=1$.

Step 2 :To find $\Delta C$, we evaluate the cost function at $x + \Delta x$ and subtract the cost function at $x$. So, $\Delta C = C(x + \Delta x) - C(x)$.

Step 3 :Substituting $x=90$ and $\Delta x=1$ into the equation, we get $\Delta C = C(90 + 1) - C(90) = 177.41 - 175 = 2.41$.

Step 4 :To find $C'(x)$, we take the derivative of the cost function. The derivative of $C(x)$ is $C'(x) = 0.02x + 0.6$.

Step 5 :Substituting $x=90$ into the equation, we get $C'(90) = 0.02*90 + 0.6 = 2.4$.

Step 6 :So, the change in cost $\Delta C$ when $x=90$ and $\Delta x=1$ is $\$2.41$ and the derivative of the cost function $C'(90)$ is $2.4$.

Step 7 :Final Answer: \(\boxed{\Delta C = \$2.41}\) and \(\boxed{C'(90) = 2.4}\)

From Solvely APP
Source: https://solvelyapp.com/problems/14038/

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