The marginal cost for a company to produce q items is given by MC(q)=0.004q2−0.6q+620. The company's fixed costs are $8500. Find the marginal cost at a production level of 400 items. The marginal cost at a production level of 400 items is ??? per item.
The marginal cost for a company to produce q items is given by MC(q)=0.004q2−0.6q+620. The company's fixed costs are $8500. Find the marginal cost at a production level of 400 items. The marginal cost at a production level of 400 items is ??? per item.
Managerial Economics: A Problem Solving Approach
5th Edition
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Chapter7: Economies Of Scale And Scope
Section: Chapter Questions
Problem 11MC
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The marginal cost for a company to produce q items is given by MC(q)=0.004q2−0.6q+620. The company's fixed costs are $8500. Find the marginal cost at a production level of 400 items.
The marginal cost at a production level of 400 items is ??? per item.
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