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3.02 Estimating change

Interactive practice questions

The cost $C$C, in dollars, of producing $x$x items of a product, is modelled by the function $C\left(x\right)=1300+7x+0.002x^2$C(x)=1300+7x+0.002x2

a

Determine the marginal cost function.

b

Hence calculate the marginal cost, $C'\left(90\right)$C(90), when $90$90 items have already been produced.

Easy
2min

The profit $P$P, in dollars, from producing and selling $x$x items is modelled by the function $P\left(x\right)=2.3x-0.003x^2$P(x)=2.3x0.003x2

Easy
1min

The revenue $R$R, in dollars, earned from selling $x$x items is modelled by the function $R\left(x\right)=-0.02x^2+40x+4000$R(x)=0.02x2+40x+4000

Easy
2min

The cost $C$C in dollars, of producing $x$x diodes is modelled by the function $C\left(x\right)=12x+\frac{18050}{x}$C(x)=12x+18050x

Easy
3min
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Outcomes

3.1.4

use exponential functions and their derivatives to solve practical problem

3.1.6

use trigonometric functions and their derivatives to solve practical problems

3.1.9

apply the product, quotient and chain rule to differentiate functions such as xe^x, tan⁡x,1/x^n, x sin⁡x, e^(−x)sin⁡x and f(ax-b)

3.1.10

use the increments formula: δy≅dy/dx × δx to estimate the change in the dependent variable y resulting from changes in the independent variable x

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