The Cost (In Dollars) of Producing $x$ Units of a Certain Commodity Is

question 36

Multiple Choice

The cost (in dollars) of producing $x$ units of a certain commodity is
$$C ( x ) = 4,280 + 13 x + 0.03 x ^ { 2 }$$
Find the average rate of change with respect to $x$ when the production level is changed from $x = 102$ to $x = 122$ .

• A) \(23.02\)
• B) \(14.42\)
• C) \(29.94\)
• D) \(16.42\)
• E) \(19.72\)

---

Definitions:

Pricing Constraints

Limitations that affect the pricing strategy of a product or service, including cost of production, competition, market demand, and regulatory issues.

Price Affect

The psychological impact of price on a consumer's perception and purchasing behaviors, often influencing how a product is valued.

Demand

The consumer's desire and willingness to pay a price for a specific good or service.

Elastic Demand

A market condition where the quantity demanded of a product changes significantly in response to price changes.