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Your weekly cost to manufacture b bicycles and t tricycles is C(b, t) = 16000 + 30b + 20t + 0.2(bt) dollars. At a production
Your weekly cost to manufacture b bicycles and t tricycles is C(b, t) = 16000 + 30b + 20t + 0.2(bt) dollars. At a production level of 40 bicycles and 10 tricycles,
a. What is the (approximate) marginal cost of the 41st bicycle?
b. What is the exact cost of the 41st bicycle?
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