A manufacturer estimates that when x
units of a particular commodity are produced, the total cost will be:
C(x)=18x2+3x+98
dollars,
and furthermore that all x
units will be sold when the price is:
p(x)=13(75−x)
dollars per unit.
a. Find the marginal cost,
b. Find the marginal revenue,
c. Estimate the marginal profit from producing the 37
-th unit. What is the actual cost of producing the 37-th unit?