The total cost (in dollars) of manufacturing x auto body frames is C(x) = 60,000 + 300x
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The total cost (in dollars) of manufacturing x auto body frames is C(x) = 60,000 + 300x
(A) Find the average cost per unit if 500 frames are produced.
(B) Find the marginal average cost at a production level of 500 units and interpret the results.
(C) Use the results from parts (A) and (B) to estimate the average cost per frame if 501 frames are produced.
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Related Book For 
College Mathematics For Business Economics Life Sciences And Social Sciences
ISBN: 9780321945518
13th Edition
Authors: Raymond Barnett, Michael Ziegler, Karl Byleen
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