The cost C of producing x footballs per day is given by the
The cost, C of producing x footballs per day is given by the formula:
C = 1200 + 50x - .05x2, find the rate of change of C with respect to x (called marginal cost) when 1000 footballs are being produced each week (5day week)
Solution
1000 footballs are being produced each week in a 5 day week
So number of footballs produced each day =1000/5=200
So, x=200
Rate of change of C w.r.t. x is
dC/dx=50-0.1x
At, x=200 this becomes
dC/dx=50-0.1*200=30 footballs per day
