Suppose the cost (C) (in dollars) of (x) items is given by (C=2.25 x+550). a. Graph this
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Suppose the cost \(C\) (in dollars) of \(x\) items is given by \(C=2.25 x+550\).
a. Graph this cost relationship.
b. Interpret the value of \(C\) when \(x=0\). The fixed costs are \(\$ 550\)
c. The slope of the graph is called the marginal cost. Find the marginal cost and give an interpretation.
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