Question: Question 1 2 , 1 . 8 . 2 9 - BE Part 1 of 4 points rk 3 Points: 0 of 1 Consider the
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Consider the cost function thousand dollars
a What is the marginal cost at production level
b Use the marginal cost at to estimate the cost of producing units.
c Let denote the revenue in thousands of dollars generated from the production of units. What is the breakeven point? Recall that the breakeven point is when the revenue is equal to the cost.
d Compute and compare the marginal revenue and marginal cost at the breakeven point. Should the company increase production beyond the breakeven point?
a The marginal cost at production level is $
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