Determine the rate of change of the total cost by deriving the equation.
dc(x) / dt = 3(0.0001)x² + (2)(0.005)(x) + 28
(a) Substitute 200 and 300 to the equation,
(200) : (3)(0.0001)(200²) + (2)(0.005)(200) + 28 = 42
(300) : (3)(0.0001)(300²) + (2)(0.005)(300) + 28 = 58
The difference between the values is 16.
b. Similarly, substitute 500 to the equation,
(500) : (3)(0.0001)(500²) + (2)(0.005)(500) + 28 = 108
From a, we have 58 for 300. The difference between the values is 50.