Question

The total cost (in dollars) to produce q units of a good is given by the function: C(q)=4.3q+53000

A. What is the total cost to produce q=7300 units? Total cost =$
B. What is the cost of the 7301st item?

Answer 1

The total cost to produce 7300 units is $31490. The cost of the 7301st item is $31594.30.

Step-by-step explanation:

To find the total cost to produce q units, we can use the function C(q) = 4.3q + 53000. For q = 7300, the total cost can be calculated as follows:

C(7300) = 4.3(7300) + 53000 = $31490.

To find the cost of the 7301st item, we can compute C(7301).

C(7301) = 4.3(7301) + 53000 = $31594.30.