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The graph of a company's total cost function is shown. Use the graph to answer the following questions. C(x) 40,000 30,000 Dollars 20,000 10,000 200

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The graph of a company's total cost function is shown. Use the graph to answer the following questions. C(x) 40,000 30,000 Dollars 20,000 10,000 200 600 400 Units (a) Will the 51st Item or the 351st Item cost more to produce? Explain, The 51st unit will cost ---Select-- than the 351st unit, since C(50) is ---Select- cost of the next unit. than C(350), and the slope gives the (b) Does this total cost function represent a manufacturing process that is getting more efficient or less efficient? Explain. The manufacturing process is becoming ---Select- efficient. Since the slope is ---Select- the cost of each additional unit is Select than the previous unit

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