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Marginal Cost A division of Ditton Industries manufactures a deluxe toaster oven. Management has determined that the daily marginal cost function associated with producing these
Marginal Cost A division of Ditton Industries manufactures a deluxe toaster oven. Management has determined that the daily marginal cost function associated with producing these toaster ovens is given by C'(x) = 0.0006x2 0.14x + 25 where C'(X) is measured in dollars per unit and x denotes the number of units produced. Management has also determined that the daily fixed cost incurred in the production is $700. (a) Find the total cost incurred by Ditton in producing the first 300 units of these toaster ovens per day. $ (b) What is the total cost incurred by Ditton in producing the 2015t through 300th units/day? $
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