To produce 1000 items, the total cost is $5000 and the marginal cost is $25 per item.

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To produce 1000 items, the total cost is $5000 and the marginal cost is $25 per item. Estimate the costs of producing 1001 items, 999 items, and 1100 items.

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Applied Calculus

ISBN: 9781119275565

6th Edition

Authors: Deborah Hughes Hallett, Patti Frazer Lock, Andrew M. Gleason, Daniel E. Flath, Sheldon P. Gordon, David O. Lomen, David Lovelock, William G. McCallum, Brad G. Osgood, Andrew Pasquale

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Question Posted: Apr 11, 2023 01:15 AM

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To produce 1000 items, the total cost is $5000 and the marginal cost is $25 per item.

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We know MC C1001C1000 Therefore C1001 C1000 MC or C1001 5000 25 5025 dollars Since w...View the full answer

Applied Calculus

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