A company has the linear total cost function C(x) = 22x + 2109. (a) What is the company's marginal cost? marginal cost = (b) What does marginal cost mean in the context of this problem? O If the number of items produced increases by 2109, total costs will increase by 22 dollars. If the number of items produced increases by one, total costs will increase by 22 dollars. O If the number of items produced increases by one, total costs will be equal to 22 dollars. If the number of items produced increases by 22, total costs will increase by 2109 dollars. (c) What are the company's fixed costs?
A company has the linear total cost function C(x) = 22x + 2109. (a) What is the company's marginal cost? marginal cost = (b) What does marginal cost mean in the context of this problem? O If the number of items produced increases by 2109, total costs will increase by 22 dollars. If the number of items produced increases by one, total costs will increase by 22 dollars. O If the number of items produced increases by one, total costs will be equal to 22 dollars. If the number of items produced increases by 22, total costs will increase by 2109 dollars. (c) What are the company's fixed costs?
Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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