Suppose the cost of producing x hundred units of a particular commodity is C(x) = 0.04x 2

Question:

Suppose the cost of producing x hundred units of a particular commodity is C(x) = 0.04x2 + 5x + 73 thousand dollars. Use marginal cost to estimate the cost of producing the 410th unit. What is the actual cost of producing the 410th unit?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Calculus For Business, Economics And The Social And Life Sciences

ISBN: 9780073532387

11th Brief Edition

Authors: Laurence Hoffmann, Gerald Bradley, David Sobecki, Michael Price

Question Posted: