Question
The cost to produce q items is C (q) = 1000 + 4q dollars. Find the marginal cost of producing the 20th item. Interpret
The cost to produce q items is C (q) = 1000 + 4q dollars. Find the marginal cost of producing the 20th item. Interpret your answer in terms of costs. The marginal cost of producing the 20th item is $ This means that the cost of production i production level of i by about $ i when we add one unit to a units.
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Applied Calculus
Authors: Deborah Hughes Hallett, Patti Frazer Lock, Andrew M. Gleason, Daniel E. Flath, Sheldon P. Gordon, David O. Lomen, David Lovelock, William G. McCallum, Brad G. Osgood, Andrew Pasquale
6th Edition
1119275563, 9781119275565
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