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A manufacturer's total cost is C(x) = 1 4 +642x+400. Use the concept of elasticity to estimate the amount by which the manufacturer should decrease

A manufacturer's total cost is C(x) = 1 4 +642x+400. Use the concept of elasticity to estimate the amount by which the manufacturer should decrease the production to reduce the total cost by 3%, when the current level of production is 4 units

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