The cost of producing a quantity, q, of a product is given by C(q) = 1000 +

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The cost of producing a quantity, q, of a product is given by

C(q) = 1000 + 30e^0.05q dollars.

Find the cost and the marginal cost when q = 50. Interpret these answers in economic terms.

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Applied Calculus

ISBN: 9781119275565

6th Edition

Authors: Deborah Hughes Hallett, Patti Frazer Lock, Andrew M. Gleason, Daniel E. Flath, Sheldon P. Gordon, David O. Lomen, David Lovelock, William G. McCallum, Brad G. Osgood, Andrew Pasquale

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Question Posted: Apr 12, 2023 04:52 AM

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The cost of producing a quantity, q, of a product is given by C(q) = 1000 +

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Cq 1000 30e 005q C50 1000 30e 25 1365 So it ...View the full answer

Applied Calculus

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