Question: A marginal cost function C(q) is given in the figure below. If the fixed costs are $19,000, estimate the following. S/unit 40 32 24 16
A marginal cost function C(q) is given in the figure below. If the fixed costs are $19,000, estimate the following. S/unit 40 32 24 16 C'(9) 10 20 30 40 50 60 q (quantity) (a) The total cost to produce 30 units Round your answer to the nearest Integer The total cost is Answer 11 the absolute tolerance 75 (b) The additional cost if the company increases production from 30 units to 40 units. Round your answer to the nearest Integer The additional cost is S Answer 1: the absolute tolerance is +/:40 (c) The value of C (25). Interpret your answer in terms of costs of production, Round your answers to the nearest Integer C (25) }" means that the cost of producing the th unit is approximately S Answer 2: the litera
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