A manufacturer of handcrafted wine racks has determined that the cost to produce x units per month is given by C= 0.2x + 10,000. How fast is the cost per month changing when production is changing at the rate of 18 units per month and the production level is 60 units? Costs are increasing at the rate of $ per month at this production level. (Round to needed.) increasing decreasing

A manufacturer of handcrafted wine racks has determined that the cost to produce x units per month is given by C= 0.2x + 10,000. How fast is the cost per month changing when production is changing at the rate of 18 units per month and the production level is 60 units? Costs are increasing at the rate of $ per month at this production level. (Round to needed.) increasing decreasing

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter8: Cost Analysis

Section: Chapter Questions

Problem 9E

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