essay

Question

The cost of producing x ounces of gold from a new gold mine is C = f (x) dollars.
(a) What is the meaning of the derivative f ‘(x)? What are its units?
(b) What does the statement f ‘(800) = 17 mean?

(c) Do you think the values of will increase or decrease in the short term? What about the long term? Explain.

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