"ea under the curve or volume makes sense. ) Transfer the data into an Excel File Put your name in cell A1 Follow the directions listed for the two options. Use a textbox on your Excel sheet for the discussion. option A for Business Majors: The table below shows the marginal cost for a company's product at various production levels Units 0 1000 2000 3000 4000 5000 6000 Marginal Cost (Slund) 3.22 2.89 2.76 2.71 255 2.40 2.26 you are inte Units 7000 8000 9000 10,000 11,000 12,000 13.000 Marginal Cost (Sunit) 2.14 2.13 2.15 2.19 2.33 261 2.83 Remember marginal cost is the change in cost per item. It is also the derivative of the total cost. Estimate the cost (not including fix cost) to produce the first 12,000 atches of 2000 units using the initial marginal cost for each batch. ) Graph the data in Excel, and then use a curve fit to find an equation approximating the data.

"ea under the curve or volume makes sense. ) Transfer the data into an Excel File Put your name in cell A1 Follow the directions listed for the two options. Use a textbox on your Excel sheet for the discussion. option A for Business Majors: The table below shows the marginal cost for a company's product at various production levels Units 0 1000 2000 3000 4000 5000 6000 Marginal Cost (Slund) 3.22 2.89 2.76 2.71 255 2.40 2.26 you are inte Units 7000 8000 9000 10,000 11,000 12,000 13.000 Marginal Cost (Sunit) 2.14 2.13 2.15 2.19 2.33 261 2.83 Remember marginal cost is the change in cost per item. It is also the derivative of the total cost. Estimate the cost (not including fix cost) to produce the first 12,000 atches of 2000 units using the initial marginal cost for each batch. ) Graph the data in Excel, and then use a curve fit to find an equation approximating the data.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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