Question: A companys marginal cost function is given by C(x) = 32 + x/ 20, where x denotes the number of items produced in 1 day
A company’s marginal cost function is given by C′(x) = 32 + x/ 20, where x denotes the number of items produced in 1 day and C(x) is in thousands of dollars. Determine the increase in cost if the company goes from a production level of 15 to 20 items per day.
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