Question

A company manufactures fuel tanks for cars. The total weekly cost (in dollars) of producing x fuel tanks is given by ... C(x) = 10000 +90x - 0.08x2 Find the exact cost of producing the 501st item.

Answer 1

cost of producing the 501st item = $9.92

Explanation:

The function representing the cost is given by;

C(x) = 10000 + 90x - 0.08x²

To get the cost of producing the 501st item, we have to first find the cost of producing 500 items and then do the same for 501 items then subtract the values gotten.

Thus;

C(500) = 10000 + 90(500) - 0.08(500)²

C(500) = 10000 + 45000 - 20000

C(500) = $35000

Similarly;

C(501) = 10000 + 90(501) - 0.08(501)²

C(501) = 10000 + 45090 - 20080.08

C(501) = $35009.92

cost of producing the 501st item = C(501) - C(500) = 35009.92 - 35000 = $9.92