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What is the marginal cost

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Reference no: EM131560765

Question: Find the average cost function C¯ and the marginal average cost function C¯ associated with the total cost function C of Exercise.

Exercise: MARGINAL COST A division of Ditton Industries manufactures the Futura model microwave oven. The daily cost (in dollars) of producing these microwave ovens is

C(x) = 0.0002x3 - 0.06x2 + 120x + 5000

where x stands for the number of units produced.

a. What is the actual cost incurred in manufacturing the 101st oven? The 201st oven? The 301st oven ?

b. What is the marginal cost when x = 100, 200, and 300?

Reference no: EM131560765

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