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Mathematics
Mathematics
Problem
The production costs, in dollars per day, of producing
x
x
x
widgets is given by
C
(
x
)
=
400
−
3
x
+
2
x
2
+
0.002
x
3
C(x)=400-3 x+2 x^{2}+0.002 x^{3}
C
(
x
)
=
400
−
3
x
+
2
x
2
+
0.002
x
3
What is the marginal cost when
x
=
20
x=20
x
=
20
and
x
=
75
x=75
x
=
75
? What do your answers tell you about the production costs?
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