Suppose that the cost of producing anti-icing liquid is given as (Q in hundred gallons): TC =
Question:
Suppose that the cost of producing anti-icing liquid is given as (Q in hundred gallons):
TC = 4,000 + 35×Q – 0.01×Q2
a. What is the cost of producing Q = 40?
b. What is the marginal cost when Q = 40?
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