Let C(x) = 12x + 1100 denote the total cost (in dollars) of manufacturing x units of
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Let C(x) = 12x + 1100 denote the total cost (in dollars) of manufacturing x units of a certain commodity per day.
(a) What is the total cost if the production is set at 10 units per day?
(b) What is the marginal cost?
(c) Use (b) to determine the additional cost of raising the daily production level from 10 to 11 units.
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Related Book For
Calculus And Its Applications
ISBN: 9780134437774
14th Edition
Authors: Larry Goldstein, David Lay, David Schneider, Nakhle Asmar
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