In the previous Problem Set question, we started loo king at the cost function G [2) the cost of a rm producing 2 items. An important microeconomics concept is the marginal cost, dened in (nonmathematical introductory) economics as the cost of producing one additional item. If the current production level is 2 items with cost C [2}, then the cost of computing 1: additionial items is C (2 + h]. The average cost of those 1: items is [C[=+h)-0(=)l h derivative 0' {2). Use this function in the model below for the Marginal Cost function Mcfz). . As we analyze the cost oijust the last item produced, this can be made into a mathematical model by taldng the limit as h > I], i.e. the Problem Set question: The cost, in dollars, of producing 2 units of a certain item is given by G [1) = o.o1:3 15: + zoo. [in] Find the marginal cost function. MC {=1 = l in {b} Find the marginal cost when 50 units of the item are produced. The marginal costwhen 50 units are produced is 8 Number I . [c] Find the actual cost of increasing production from 5|] units In 51 units. The actual cost ofincreasing production from 50 units to 51 units is 3' Number