Question: Consider a cost function C(x) given by C(x)=10,000 20x. Calculate the marginal average cost when x=500, use the result to approximate the total cost when

Consider a cost function C(x) given by C(x)=10,000 20x. Calculate the marginal average cost when x=500, use the result to approximate the total cost when x=501, and calculate the percentage error between this estimate and the actual cost when x=501. Give your answer as a percentage to 4 decimal places.

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