Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. c(x) is the total cost of producing x units of a p

C(x) is the total cost of producing x units of a particular commodity. Assume C(x)...

60.1K

Verified Solution

Question

Basic Math

image

C(x) is the total cost of producing x units of a particular commodity. Assume C(x) is in dollars. Use marginal cost to estimate the cost of producing the 21st unit. What is the actual cost of producing the 21st unit?C(x) = 1/2 x +57estimated cost = $20.50;actual cost = $19.50estimated cost = $20.00;actual cost $20.50estimated cost = $20.00;actual cost = $19.50estimated cost = $20.50;actual cost = $20.00

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Briefly explain Bronfenbrenner's (1986) ecological system approach to understanding risks behavior and outline the four levels of...

Medical Sciences
Q

1. To identify a diatomic gas (X2 ), a researcher carried out the following experiment: She...

Chemistry
Q

write a discussion about cholera, its origin, its implication to public health and how it can...

Biology
Q

Suppose that the major music recording company Sony BMG Music Entertainment (Sony BMG) has announced that it...

General Management
Q

any state auto insurance company took a random sample of 360 insurance claims paid out during...

Basic Math
Q

In pure labor markets sellers of labor services are main buyers of labor services and...

Biology
Q

What percent of the total population is found between the mean and the z score...

Basic Math
Q

Given the linear correlation coefficient r and the sample size n determine the critical values...

Statistics
Q

Gravel is piled in the shape of a cone The circumference of the base is...

Algebra
Q

plz answer In 2023 , Bonita Inc. reported pretax accounting income of $134,300....

Accounting
Q

PROBLEM V (10%) Wally's Wallet World opened for business on Jan. 1,2017. During 2017 he...

Accounting
Q

all parts please Dream Muffins...

Accounting