Question: A linear cost function is C(x) = 5x + 250. (a) What are the slope and the C-intercept? (b) What is the marginal cost, and

A linear cost function is C(x) = 5x + 250.

(a) What are the slope and the C-intercept?

(b) What is the marginal cost, and what does it mean?

(c) What are the fixed costs?

(d) How are your answers to parts (a), (b), and (c) related?

(e) What is the cost of producing one more item if 50 are currently being produced? What is the cost if 100 are currently being produced?

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