Question: Suppose a product's cost function is given by C ( q ) = 3 q 2 + 7 0 0 q , where C(q) is

Suppose a product's cost function is given by C(q)=3q2+700q , where C(q) is in dollars and q is the number of units produced

Use Excel to find the approximate cost of producing the 36th unit.

Hint: If you want the marginal cost for the q+1 st item, what value of q should you use?

Marginal cost= dollars per unit

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