7

Suppose that the monthly cost. in dollars. of producing x chairs is 000 = 0.001x3 + 0.07:2 + 18x + 700, and currently 35 chairs are produced monthly. a)What is the current monthly cost? b)What is the marginal cost when x = 35? c)Use the result from part (b) to estimate the monthly cost of increasing production to 37 chairs per month. d)What would be the actual additional monthly cost of increasing production to 37 chairs monthly? E>---- a) The current monthly cost is $D. (Round to the nearest cent as needed.) b) The marginal cost when x = 35 is SD per item. (Round to the nearest cent as needed.) c) Use the result from part (b) to estimate the monthly cost of increasing production to 3? chairs per month. The monthly cost in increasing production to 37 chairs monthly is SD. (Round to the nearest cent as needed.) d) The actual additional monthly cost of increasing production to 37 chairs monthly is SCI. (Round to the nearest cent as needed.)