Given a cost function C(x) as C(x) = 20 + x – , calculate the marginal average cost when x = 2, use this to approximate the average cost when x = 3, and calculate the percentage error between this estimate and the actual cost when x = 3. Give your answer as a percentage to the nearest integer. Do not include the percent symbol in your answer.

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter4: Rational Functions And Conics
Section4.2: Graphs Of Rational Functions
Problem 88E
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Given a cost function C(x) as
C(x) = 20 + x –
calculate the marginal average cost when x = 2, use this to approximate the average cost when x = 3, and calculate the
percentage error between this estimate and the actual cost when x = 3. Give your answer as a percentage to the nearest
integer. Do not include the percent symbol in your answer.
Provide your answer below:
Transcribed Image Text:Question Given a cost function C(x) as C(x) = 20 + x – calculate the marginal average cost when x = 2, use this to approximate the average cost when x = 3, and calculate the percentage error between this estimate and the actual cost when x = 3. Give your answer as a percentage to the nearest integer. Do not include the percent symbol in your answer. Provide your answer below:
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