The total cost (in dollars) of producing x bicycles is C(x) = 5,000 + 40x + 0.05x

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The total cost (in dollars) of producing x bicycles is

C(x) = 5,000 + 40x + 0.05x²

(A) Find the total cost and the marginal cost at a production level of 100 bicycles and interpret the results.

(B) Find the average cost and the marginal average cost at a production level of 100 bicycles and interpret the results.

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College Mathematics For Business Economics, Life Sciences, And Social Sciences

ISBN: 978-0134674148

14th Edition

Authors: Raymond Barnett, Michael Ziegler, Karl Byleen, Christopher Stocker

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Question Posted: Apr 05, 2022 11:38 PM

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The total cost (in dollars) of producing x bicycles is C(x) = 5,000 + 40x + 0.05x

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cx 500040x005x dx040 01x 40 01 x Total c...View the full answer

College Mathematics For Business Economics, Life Sciences, And Social Sciences

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