/sci/ - Science & Math

>>2814822

>Anyway, human behavior I think is very predictable

I take a forecasting class. Stochastic processes. Stochastic processes everywhere.

Seriously, its a challenge to even beat the "naive" model in economic forecasting. That's pretty pathetic.

hey guise wats going on here

Consider that the cost function C(x) is defined as the cost of producing x units of a commodity and the marginal cost is the derivative of C'(x).

The marginal cost of producing x computer chips (in units of 1,000) is C'(x)=150x²-3000x+17,500 (dollars per thousand chips).

a) Find the cost of increasing production from 10,000 to 15,000 chips
b) Determine the total cost of producing 15,000 chips, assuming that C(0)=35,000 (initial fixed cost)