Solve this now plz in 10 min Let C(x)=x² +4x+1 dollars be the cost%3D5function, where the x represents the quantity.The estimate cost of the 16th item is:a. noneb. 10$C. 12$d. 16$

Marginal cost is the additional cost of producing an additional unit.

Answered: 2 Let C(x)= x2 +4x+1 dollars be the…

2 Let C(x)= x2 +4x+1 dollars be the cost function, where the x represents the quantity. The estimate cost of the 16th item is: a. none b. 10$ O c. 12$ d. 16$

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 6MC

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Solve this now plz in 10 min

Let C(x)=x² +4x+1 dollars be the cost
%3D
5
function, where the x represents the quantity.
The estimate cost of the 16th item is:
a. none
b. 10$
C. 12$
d. 16$

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