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Marginal analysis is very important in business and economics. In the following example below, a company manufactures fuel tanks for cars. The total weekly cost
Marginal analysis is very important in business and economics. In the following example below, a company manufactures fuel tanks for cars. The total weekly cost in dollars of producingxtanks is given by
C(x) = 10,000 + 90x - 0.05x2
Explain how you would:
(A) Find the marginal cost function.
(B) Find the marginal cost at a production level of 400 tanks per week.
(C) Interpret the results of part (B).
(D) Find the exact cost of producing the 401st item.
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