The table shows the marginal cost of producing q units of goods. q 0 50 100...

   

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The table shows the marginal cost of producing q units of goods. q 0 50 100 150 200 250 300 C'(q) 24 27 33 32 28 23 25 a) If the fixed cost is $11800, use the average of left- and right-hand sums to determine the total cost of producing 150 units. Answer: $ F --- b) How much would the total cost increase if production were increased one unit, to 151 units? Answer: $ E The table shows the marginal cost of producing q units of goods. q 0 50 100 150 200 250 300 C'(q) 24 27 33 32 28 23 25 a) If the fixed cost is $11800, use the average of left- and right-hand sums to determine the total cost of producing 150 units. Answer: $ F --- b) How much would the total cost increase if production were increased one unit, to 151 units? Answer: $ E

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a To determine the total cost of producing 150 units using the average of left and ri... View the full answer