Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The total cost (in dollars) of producing x food processors is Cx) 2300 +80x -0.4x2 (A) Find the exact cost of producing the 81st food

image text in transcribed

The total cost (in dollars) of producing x food processors is Cx) 2300 +80x -0.4x2 (A) Find the exact cost of producing the 81st food processor (B) Use the marginal cost to approximate the cost of producing the 81st food processor. A) The exact cost of producing the B1st fod processoris $ 156 (B) Using the marginal cost, the approximate cost of producing the 81st food processor is

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions