The marginal cost of manufacturing x yards of a certain fabric is C'(x) = 3 − 0.01x + 0.000006x2 (in dollars per yard). Find the
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Answer:
Explanation:
Using Fisher equation <u><em>(Which is estimating the financial mathematics and economics relationship among real interest rates nominal interest rates under inflation.) </em></u>which goes like this
where
Inflation = (1+0.08) / (1+0.06) - 1 = 1.88% (Could be approximated as 2%)