Question: The cost (in dollars) of producing q items is given by C(q) = 0.08q 3 + 75q + 1000. (a) Find the marginal cost function.

The cost (in dollars) of producing q items is given by
C(q) = 0.08q³ + 75q + 1000.
(a) Find the marginal cost function.
(b) Find C(50) and C¨(50). Give units with your answers and explain what each is telling you about costs of production.

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a The marginal cost function equals Cq 0083q 2 75 024q 2 75 b C50 00850 3 7550 1000 14750 C50 te... View full answer

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