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Algebra and Trigonometry (6th Edition)
6th Edition
ISBN: 9780134463216
Author: Robert F. Blitzer
Publisher: PEARSON
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It costs $1000 to produce 100 t-shirts in a day, and it costs $1300 to produce 140 t-shirts in a day.
Assume that the daily cost is a linear function of the number of t-shirts produced per day.
a. Determine the marginal cost per t-shirt.
b. Determine the fixed daily cost.
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