Concept explainers
Cost OHaganBooks.com has been experiencing a run of bad luck with its summer college intern program in association with PCU (Party Central University), begun as a result of a suggestion by Marjory Duffin over dinner one evening. The frequent errors in filling orders, charges from movie download sites and dating sites, and beverages spilled on computer equipment have resulted in an estimated weekly cost to the company of
a. What is the marginal cost at a level of 10 interns?
b. What is the average cost per intern at a level of 10 interns?
c. What is the marginal average cost at a level of 10 interns?
d. Interpret the results of parts (a)–(c).
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Applied Calculus
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