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A small machine shop manufactures drill bits used in the petroleum industry. The manager re-estimates...

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Accounting

A small machine shop manufactures drill bits used in the petroleum industry.

The manager re-estimates that the total daily cost (in dollars) of producing X bits is ...

C(X) = 1,000 + 25X 0.03X^2

Find the marginal average cost of producing 10 units.

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