The total cost C(x) incurred by the On-Time Watch Company at one of its plants during a given day is


Question: The total cost \(C\left( x \right)\) incurred by the On-Time Watch Company at one of its plants during a given day is given by \(C\left( x \right)=1500+30x+{{x}^{2}},\,\,0\le x\le 75\), where \(x\) is the number of watches produced

(a) What is the average cost On-Time incurs in manufacturing fifty watches at this plant in one day?

(b) Find \(C'\left( x \right)\)

(c) What is the rate of change in the total cost when the level of production is 15 watches per day?

(d) What is the approximate cost of producing the 16th watch?

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Answer: The solution consists of 2 pages
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