Reference no: EM131583050

Question: Businesses can buy multiple licenses for a data compression software at a total cost of approximately C(x) = 72x2/3
dollars for x licenses. Find the derivative of this cost function at the following.

(a) x = 8$

Interpret your answer.

- When eight licenses are purchased, the cost to purchase the first license is approximately this amount.

- Eight licenses cost this amount.

- When eight licenses are purchased, the cost to purchase one more license is approximately this amount.

- When eight licenses are purchased, the average cost per license is this amount.

- Each license costs this amount.

(b) x = 64$

Interpret your answer.

- When sixty-four licenses are purchased, the cost to purchase the first license is approximately this amount.

- Sixty-four licenses cost this amount.

- When sixty-four licenses are purchased, the average cost per license is this amount.

- When sixty-four licenses are purchased, the cost to purchase one more license is approximately this amount.

Each license costs this amount.