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Consider a cost function of the form C(x) = {20,000 + 980x = x for 0 < x < 1,000 for x 1,000. In
Consider a cost function of the form C(x) = {20,000 + 980x = x for 0 < x < 1,000 for x 1,000. In an attempt to calculate the marginal cost at x = 1, 000, economists have devised the formula MC(1,000) = ( lim (C'(x)) + lim (C'(x))). 1 2 x 1,000+ x-1,000- Calculate MC(1,000). Provide your answer below:
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Spreadsheet Modeling And Decision Analysis A Practical Introduction To Business Analytics
Authors: Cliff Ragsdale
9th Edition
0357132092, 978-0357132098
