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Homework answers / question archive / The monthly cost function, in dollars, for a coffee maker factory is C(x)C(x) where xx is the number of coffee makers produced

The monthly cost function, in dollars, for a coffee maker factory is C(x)C(x) where xx is the number of coffee makers produced

Accounting

The monthly cost function, in dollars, for a coffee maker factory is C(x)C(x) where xx is the number of coffee makers produced. The financial model used by management predicts that C(1000)=5000C(1000)=5000 and C′(1000)=10C′(1000)=10.

1. How much would you expect monthly cost to increase if production were increased from 10001000 to 10061006 coffeemakers?

2. Find the average cost per coffee maker at a production level of 10001000 coffeemakers per month.

3. Find the marginal average cost at a production level of 10001000 coffee makers.

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