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It's due in 6.5 hours! 4) Cost analysis. The total cost (in dollars) of producing x elec- tric guitars is C(x) = 1,000 + 100x

It's due in 6.5 hours!image text in transcribed

4) Cost analysis. The total cost (in dollars) of producing x elec- tric guitars is C(x) = 1,000 + 100x - 0.25x? (A) Find the exact cost of producing the 51st guitar. (B) Use marginal cost to approximate the cost of producing the 51st guitar. (C) Is the marginal cost approximation an over or underestimate of the exact cost? Why? Include a graph in your explanation

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