The cost function for a manufacturer is C(x) dollars, where x is the number of units of
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The cost function for a manufacturer is C(x) dollars, where x is the number of units of goods produced and C, C′, and C″ are the functions given in Fig. 15.
(a) What is the cost of manufacturing 60 units of goods?
(b) What is the marginal cost when 40 units of goods are manufactured?
(c) At what level of production is the cost $1200?
(d) At what level(s) of production is the marginal cost $22.50?
(e) At what level of production does the marginal cost have the least value? What is the marginal cost at this level of production?
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Calculus And Its Applications
ISBN: 9780134437774
14th Edition
Authors: Larry Goldstein, David Lay, David Schneider, Nakhle Asmar
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