BackBusiness Calculus: Marginal Analysis, Exponential & Logarithmic Functions, and Derivative Applications
Study Guide - Practice Questions
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- #1 Multiple ChoiceSuppose the total cost to produce $x$ units of a product is given by $C(x) = 10,000 + 150x - 0.2x^2$. Use the marginal cost to approximate the cost of producing the 121st unit.
- #2 Multiple ChoiceA company’s cost function is $C(x) = 0.0005x^3 - 0.38x^2 + 120x$. Estimate the marginal cost of adding one more passenger when $x = 150$.
- #3 Multiple ChoiceGiven the demand function $p = 50 - \frac{x}{25}$, find the marginal revenue when $x = 10$.
Study Guide - Flashcards
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- Marginal Analysis in Business & Economics15 Questions
- Exponential & Logarithmic Functions in Business Calculus12 Questions
- Derivatives: Product, Quotient, and Chain Rules9 Questions