signments > 23. Marginal Average Cost rginal Average Cost Compute and Interpret marginal average cost Question Given a cost function C(x) as C(x) = 5, 000 + 20x calculate the marginal average cost when .x = 20, use your result to estimate the total cost when x = 21, and calculate the percentage error between this estimate and the actual cost when x = 21. Give your answer as a percentage to two decimal places. Do not include the percent symbol in your answer. Provide your answer below: O FEEDBACK MORE INSTRUCTION US Next 20

Algebra and Trigonometry (MindTap Course List)
4th Edition
ISBN:9781305071742
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter2: Functions
Section2.4: Average Rate Of Change Of A Function
Problem 4.2E: bThe average rate of change of the linear function f(x)=3x+5 between any two points is ________.
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signments > 23. Marginal Average Cost
rginal Average Cost
Compute and Interpret marginal average cost
Question
Given a cost function C(x) as
C(x) = 5, 000 + 20x
calculate the marginal average cost when .x = 20, use your result to estimate the total cost when x = 21, and calculate the
percentage error between this estimate and the actual cost when x = 21. Give your answer as a percentage to two decimal
places. Do not include the percent symbol in your answer.
Provide your answer below:
O FEEDBACK
MORE INSTRUCTION
US
Next
20
Transcribed Image Text:signments > 23. Marginal Average Cost rginal Average Cost Compute and Interpret marginal average cost Question Given a cost function C(x) as C(x) = 5, 000 + 20x calculate the marginal average cost when .x = 20, use your result to estimate the total cost when x = 21, and calculate the percentage error between this estimate and the actual cost when x = 21. Give your answer as a percentage to two decimal places. Do not include the percent symbol in your answer. Provide your answer below: O FEEDBACK MORE INSTRUCTION US Next 20
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