Question: HarMathAp 1 2 1 1 , 1 . 0 4 3 . Suppose that the total cost ( in dollars ) for a product is
HarMathAp
Suppose that the total cost in dollars for a product is given by
where is the number of units produced.
a Find the marginal cost function.
b Find the marginal cost when units are produced. Round your answer to the nearest cent.
$
Interpret your result.
The profit from the next unit will be approximately this amount.
This is the total profit from producing units.
It will cost approximately this amount to make the next unit.
This is the total cost of producing units.
c Total cost functions always increase because producing more items costs more. What then must be true of the marginal cost function?
ANC
Does it apply in this problem?
Yes
No
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