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Bingel [31]
3 years ago
15

The cost to produce q items is C(q)=1300+2q2 dollars. Find the marginal cost of producing the 12th item. Interpret your answer i

n terms of costs.
Mathematics
1 answer:
Ad libitum [116K]3 years ago
3 0

Answer: Marginal cost = $46

The cost of production increases by about $46 when one additional unit is produced.

Step-by-step explanation:

Given : The cost to produce q items is C(q)=1300+2q^2 dollars.

C(12)=1300+2(12)^2=1588\\\\ C(11)=1300+2(11)^2=1542

The marginal cost of producing the 12th item= C(12)-C(11)

=1588-1542=46

Interpretation : It means , the cost of production increases by about $46 when one additional unit is produced.

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