Question

The price of a particular stock is represented by the linear equation y = negative 0.91 x + 103.47, where x represents the number of weeks the stock has been owned and y represents the price of the stock, in dollars. If this relationship continues, what is the price of the stock after it has been owned for 12 weeks?

Answer 1

Explanation:

We have, C(x) = 0.005x3 – 0.02x2 + 30x + 5000

Clearly, the marginal cost, MC (x) = \(\frac{d}{d x}\)C(x)

= \(\frac{d}{d x}\)(0.005x3 – 0.02x2 + 30x + 500)

= 0.005 × 3x2 – 0.02 × 2x + 30 + 0

= 0.015x2 – 0.04x + 30

Now, marginal cost when 3 units arei produced

MC(3)= 0.015(9) – 0.04(3) + 30

= 0135 – 0.12 + 30= 30.015