A certain cost function has the following graph:
Items
a. The associated marginal cost is
(A) increasing, then decreasing.
(B) decreasing, then increasing.
(C) always increasing.
(D) always decreasing.
b. The marginal cost is least at approximately
(A)
(C)
c. The cost of 50 items is
(A) approximately $20 and increasing at a rate of about $3,000 per item.
(B) approximately $0.50 and increasing at a rate of about $3,000 per item.
(C) approximately $3,000 and increasing at a rate of about $20 per item.
(D) approximately $3,000 and increasing at a rate of about $0.50 per item.
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Applied Calculus
- Calculus For The Life SciencesCalculusISBN:9780321964038Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.Publisher:Pearson Addison Wesley,