A manufacturers total cost is C(q) = 0.001q 3 0.05q 2 + 40q + 4,000dollars, where
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A manufacturer’s total cost is C(q) = 0.001q3 − 0.05q2 + 40q + 4,000dollars, where q is the number of units produced.
a. Use marginal analysis to estimate the cost of producing the 251st unit.
b. Compute the actual cost of producing the 251st unit.
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a b The actual cost of pro...View the full answer
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Related Book For
Calculus For Business, Economics And The Social And Life Sciences
ISBN: 9780073532387
11th Brief Edition
Authors: Laurence Hoffmann, Gerald Bradley, David Sobecki, Michael Price
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