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Suppose that the monthly cost, in dollars, of producing x chairs is C(x)0.006+0.07%? 14x + 600, and currently 40 chairs are produced monthly a)What is
Suppose that the monthly cost, in dollars, of producing x chairs is C(x)0.006+0.07%? 14x + 600, and currently 40 chairs are produced monthly a)What is the current monthly cost? b)What is the marginal cost when x 407 c) Use the result from part (b) to estimate the monthly cost of increasing production to 42 chairs per month d)What would be the actual additional monthly cost of increasing production to 42 chairs monthly a) The current monthly cost is $ (Round to the nearest cent as needed.)
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